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Old pay day loan advice
VillaFan1874
Posts: 14 Forumite
Hello. I have been written to by the PRA group referring to a pay day loan that goes back 13 years ago, and apparent last payment was 11 years ago!
I have no recollection of this so have asked for evidence. Is this something that, if true, would have been written off by now as 11 years seems crazy and I have had NO communication from them since this time and certainly the last 9 years.
If there's is evidence, is it likely they will settle at a lesser payment to resolve?
Any advice would be v welcome
I have no recollection of this so have asked for evidence. Is this something that, if true, would have been written off by now as 11 years seems crazy and I have had NO communication from them since this time and certainly the last 9 years.
If there's is evidence, is it likely they will settle at a lesser payment to resolve?
Any advice would be v welcome
0
Comments
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Send a statute barred letter to them (use a template like on Debt Camel or similar)
If it was last acknowledged >6 years ago they cannot enforce itSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Duplicate thread.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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