We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Notice of Pending Legal Action

I've received a  'Notice of Pending Legal Action' letter from Lowell Solicitors on 11/02/2021.

The debt was originally from a paypal (Hire Purchase) in early of  May 2015.

I did pay repayment once then stopped. I think that this is now statute barred but I can't be sure.

There's nothing on my credit file but Lowell keep sending letter regarding about this debt from last year 2020, but  I never responded them, because I don’t know who are they? I was shock how did they find out my new address because I still didn’t change my new address for this debt, It was in old address.

How to find out my debt is statute barred or not? And also please help me, what is my next move? I am so confused please help me. I will attach my letter please help me. What am going to do now?

Thank you 🙏 

This is the letter 

Comments

  • Thank you for your  amazing reply. 
  • denow
    denow Posts: 73 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Are you disputing the debt? I don't understand, why did you stop paying it?
  • denow
    denow Posts: 73 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    I just did a Google as I didn't know what 'Statute Barred' means. If you are in England it is 6 years so looks like you're going to need to pay the debt.
  • I would contact them and try to set up a payment plan. They said they're not adding interest, fees, or charges so you should be able to chip away it throughout the year and get it taken care of, assuming you have some kind of income stream. That's not a huge amount of money so even a small monthly payment should get you there fairly quickly I would think. 
  • Rdpncp
    Rdpncp Posts: 49 Forumite
    Seventh Anniversary 10 Posts Name Dropper Photogenic
    Hi,

    Just under £50 a month would clear it in 2 years.
    I would discuss a payment plan, especially as it appears there is no interest or additional charges on the letter you've posted.

    Best to have an agreement in place even if a small amount (As long as its manageable to you) than they start court proceedings.
    LBM 02/01/2021 (£52,000) + (£27,000 2023 home repairs)
    Now 27/03/2026 (£12,553)
    85% of debt cleared

    HSBC Mortgage = £41,902 (4.69% 102 repayments to go)
    Admiral loan = £12,553 (2.7% APR) £321/mth (39 repayments to go)
    All other debts cleared

    Emergency Fund = £2000/2000

    New front door fund = £1000/1000
    New bathroom fund = £0/£2500
    New windows fund = £0/7000
    Living room refurb fund £150/800
    Front garden refurb fund = £100/600
    Total refurb funds = £1250/11,900

  • JCS1
    JCS1 Posts: 5,347 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    it won't be statute barred as it was taken out less than 6 years ago.  Did they enclose CCJ forms with the paperwork?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.