Coronavirus: Stay up to date with the latest from MSE
The MSE team is working extremely hard to keep the info we have about your travel rights, cancellation rights, sick pay (and more) up to date.
MARTINS VIDEO FOR SELF-EMPLOYED * DELAY HOUSE MOVES * EUROSTAR UPDATE
Old Old Debt and Cabot
11 replies 311 views
I wonder if anyone could advise on this? Way back in 2003 I took out a car loan, however, I could afford to pay the installments and fell into default. The amount outstanding was in the region of £4000.
In 2010 Marlin, who had purchased the debt, issue a County Court summons asking for in excess of £10,000. I disputed this and returned the directions questionaire to the court, I did not admit liability for the debt as there hadn't been any payments for some years (I believe 6). Marlin then attempted to get me to sign a Tomlin order admitting to the debt and agreeing to pay the inflated sum. I did not reply to Marlin. The last I heard was that they had failed to return the Directions Questionaire to the court and the case was closed.
Unexpectedly, late last year Cabot Financial started writing to me regarding the debt. I wrote to the pointing out that I believe the debt to be statute barred. They claim that it is not because it was subject to legal proceedings. Is there any truth in what they are saying? My feeling is that they are trying to pull a fast one.
Thanks in advance