Debt recovery advice

Kolakuble2021

Hi all,

I received a letter out of the blue today from Global Debt Recovery, the letter gave no info apart from a ref no. So I rang them to be told I owe £287 to Lloyds bank and Cabot finance. 

This goes back to 2013 as unfortunately I went into prison then until 2021

the person I spoke to on the phone said there will be no one knocking at my door or any legal action, so I said I don’t need to pay it then, he said he can’t guarantee another company getting in touch with me

my question does bank debt etc not get cleared after 6 years of no contact ? 

Thanks

RAS

If you did not pay anything towards this debt between 2013 and 2021, it's going to be statute barred. Even if you got a CCJ, it's likely 6 years ago, so they need court permission to chase it.

What is happening is that the rules on SB debt are getting stricter on July 30, so the debt companies are pulling the stops out to see if they can extract a little first. After that, just tell them to SO

Kolakuble2021

Many thanks for the reply RAS very much appreciated.

I rang global debt recovery back to write down who the debt was for but was told they’ve closed it as in my previous call I said I weren’t paying due to it being statue barred 

my question is now if they choose bailiffs or take me to court will I have to pay ? I’ve had no contact with them since 2013

just like to add I’ve moved 3 times since 2021 so they’ve tracked me down to my current address

thanks

DjangoUnchained

RAS said:

If you did not pay anything towards this debt between 2013 and 2021, it's going to be statute barred. Even if you got a CCJ, it's likely 6 years ago, so they need court permission to chase it.

What is happening is that the rules on SB debt are getting stricter on July 30, so the debt companies are pulling the stops out to see if they can extract a little first. After that, just tell them to SO

could you tell me where i can find details of the new rules, I cant seem to find anything re statute barred. thank you

fatbelly

The rules as they exist are here

https://www.handbook.fca.org.uk/handbook/CONC/7/15.html

We won't know the detail of the new rules until 1 Aug but we know that the FCA is concerned about how SB debts are mishandled from this (Annex 2.4)

https://www.fca.org.uk/publication/correspondence/consumer-duty-portfolio-letter-dpca.pdf

sourcrates

Kolakuble2021 said:

Many thanks for the reply RAS very much appreciated.

I rang global debt recovery back to write down who the debt was for but was told they’ve closed it as in my previous call I said I weren’t paying due to it being statue barred 

my question is now if they choose bailiffs or take me to court will I have to pay ? I’ve had no contact with them since 2013

just like to add I’ve moved 3 times since 2021 so they’ve tracked me down to my current address

thanks

They have closed the account, its statute barred, there will be no further action.

If there is, post back on here.

Kolakuble2021

Thanks sourcrates, I suffer with anxiety so things like this worry me, but am reassured by the replies on here 

thanks