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Advice re debts please
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moneysaver12
Posts: 2,088 Forumite
Hi i have two questions re my debts.
first is Lowell keep chasing me for debts i had with Barclays Bank from 2010, there was 2. They phone and write and email me. I haven’t made payments to one but I did to the other anfter they kept contacting me, I stopped payment in November 2023. Also I stupidly got in to debt again and one of my recent debts has been sold on to Lowell. What do i do about this please
second is I stupidly got into debt again. I owe 16000 and last year I originally arranged lower payments with interest stoped with all companies apart from American Express who made it difficult. I ended up getting into touch with Step Changes last year and set up a debt management payment plan through them. Whilst I have been making payments through them. Three of the accounts have been sold on, one to Lowell, one to Allied and one to Link Financial. American Express have put a default on my credit file and sold it on to Allied, the others have marked it as late payment. Am I better off setting up payment arrangements through the three debt collection companies and the other three are still with the credit card companies. If I communicate with Lowell, will i also have to pay the debts from 2010. Thank you in advance
first is Lowell keep chasing me for debts i had with Barclays Bank from 2010, there was 2. They phone and write and email me. I haven’t made payments to one but I did to the other anfter they kept contacting me, I stopped payment in November 2023. Also I stupidly got in to debt again and one of my recent debts has been sold on to Lowell. What do i do about this please
second is I stupidly got into debt again. I owe 16000 and last year I originally arranged lower payments with interest stoped with all companies apart from American Express who made it difficult. I ended up getting into touch with Step Changes last year and set up a debt management payment plan through them. Whilst I have been making payments through them. Three of the accounts have been sold on, one to Lowell, one to Allied and one to Link Financial. American Express have put a default on my credit file and sold it on to Allied, the others have marked it as late payment. Am I better off setting up payment arrangements through the three debt collection companies and the other three are still with the credit card companies. If I communicate with Lowell, will i also have to pay the debts from 2010. Thank you in advance
Married 09/09/09
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Comments
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The debts from 2010 will be statute barred by now (Google limitation act 1980) if you haven`t paid or acknowledged them in writing in the 6 years since they defaulted.
You should send the statute barred letter to Lowell for those.
Stepchange should pass your payments to the debts new owners once you have informed them of the sale of these accounts, have you done that ?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 -
Thank you. I’ve just checked and one of them I haven’t made any payments. The other last time I made a payment was November 2023, they kept contacting me. I then stopped payments.sourcrates said:The debts from 2010 will be statute barred by now (Google limitation act 1980) if you haven`t paid or acknowledged them in writing in the 6 years since they defaulted.
You should send the statute barred letter to Lowell for those.
Stepchange should pass your payments to the debts new owners once you have informed them of the sale of these accounts, have you done that ?
it shows on step changes that the payments are going to the debt collectors for the three that were sold on.Married 09/09/090 -
With regard to the one on which you continued to make payments, was this an overdraft or a credit car? When was it set up.If you've have not made a mistake, you've made nothing0
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RAS Have you seen the OP's other thread?
IVA — MoneySavingExpert Forum
I think this is the second thread in a few days where Stepchange are pushing IVAs when they are not appropriate.
If you go down to the woods today you better not go alone.1 -
If you are sure you haven't made any payment to the debt for 6 years ( or 5 in Scotland ) send this to Lowell.
Statute barred debts and the Limitation Act — MoneySavingExpert Forum
Send it by snail mail.If you go down to the woods today you better not go alone.1 -
Maybe the mods can merge the threads?If you've have not made a mistake, you've made nothing1
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Hi thank you. It was a credit card. I can’t remember when it was taken out. Lowell told me 2010 but I’m not sure if that’s when it was taken out or when it was sold to themRAS said:With regard to the one on which you continued to make payments, was this an overdraft or a credit car? When was it set up.Married 09/09/091 -
Grumpelstiltskin said:If you are sure you haven't made any payment to the debt for 6 years ( or 5 in Scotland ) send this to Lowell.
Statute barred debts and the Limitation Act — MoneySavingExpert Forum
Send it by snail mail.
Thank you. I will do. Sorry somehow managed to quote you twiceGrumpelstiltskin said:If you are sure you haven't made any payment to the debt for 6 years ( or 5 in Scotland ) send this to Lowell.
Statute barred debts and the Limitation Act — MoneySavingExpert Forum
Send it by snail mail.Married 09/09/090 -
Hi I forgot to add that a person from a debt collector agency turned up at my house, think it was December. I’ve been unwell with my mental health and at that time i wasn’t in the right place to talk to them. I told them that I’m not well with my mental health. I think they gave me a letter but I think I ended up binning it and not reading it. I really couldn’t deal with it.Married 09/09/091
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Flagging this to @fatbelly as well.Grumpelstiltskin said:RAS Have you seen the OP's other thread?
IVA — MoneySavingExpert Forum
I think this is the second thread in a few days where Stepchange are pushing IVAs when they are not appropriate.
@sourcrates can you do merges or is that a forum team thing?RAS said:Maybe the mods can merge the threads?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0
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