Santander Bought back debt

miaboo

I posted a while ago but have updates today so need advice please on the new stuff and questions! 

Back story 
Joint overdraft 
Husband in an IVA ( them paying his contribution) 

Me paying wescot (Cabot bought but wescot managed) 

6 years later IVA paid off, I'm still paying the remaining balance.

Had a letter from Cabot this morning confirming Santander have bought the account back, not heard anything from Santander yet. 

There was a default against me but this has now dropped off my file with it being 6 years 

Can they put another default on, report this on my file again?
Why have they suddenly bought it back after 6 years and what can they do? 

Thanks for reading! 

miaboo

Hi 
Before I ring them could anyone give me any idea on what to expect 

I've posted before but now there's been a new development 

Story so far.....

Joint overdraft with husband 
Husband went into an IVA 

Husband paid his part through them 
I paid my contribution through wescott 

I got a default 

6 years later .... Husband has completed the IVA , My default has dropped off and I've continued to pay wescot my monthly payment 

Today I've received this

Notification in respect of recent payment

We have recently received a payment from you of £4.00 in respect of the above account. However, we are no

longer appointed to manage this account and therefore the payment has been forwarded onto Santander UK

Plc.

What do you need to do now?

You should stop making any further payments to Wescot in respect of this account and contact Santander UK

Plc to confirm arrangements for the repayment of any remaining outstanding balance. Any further monies that

we will receive will be forwarded on to Santander UK Plc.

Any ideas on why this has happened after 6 years, surely they can't default on it again and why do I need to pay them after wescot for so long 

Thanks for ready the essay! 

Grumpelstiltskin

Just ignore this  until and if you receive something in writing from Santander, don't phone them it's a waste of time and money.

miaboo

Grumpelstiltskin said:

Just ignore this  until and if you receive something in writing from Santander, don't phone them it's a waste of time and money.

Thank you 
Any idea why this could of happened? 

Grumpelstiltskin

miaboo said:

Grumpelstiltskin said:

Just ignore this  until and if you receive something in writing from Santander, don't phone them it's a waste of time and money.

Thank you 
Any idea why this could of happened? 

No I'm afraid.

RAS

This might get lost at Santander, in which case keeping silent for 6 years will result in it becoming statute barred and unenforceable.

They might send you details of another company to whom you pay. If they do, it might be worth asking them to write off?

sourcrates

Wescott and Moorcroft are collection companies, basically they work for other clients collecting bad debts.

Occasionally they may audit there debt portfolio, and any account that only receives a small payment, or no payment at all, will sometimes be automatically returned to the client, who will then decide what to do.

miaboo

So this morning I've received a letter from Cabot saying Santander have bought back the account. 
I've still not heard anything from Santander themselves yet, can they put this back on my credit file, it went to default then as it's been 6 years it's no longer on there. 

Grumpelstiltskin

Please don't keep starting new threads, stick to one.

miaboo

Grumpelstiltskin said:

Please don't keep starting new threads, stick to one.

I wasn't sure if the new update of receiving a letter from Cabot today would get seen and any advice given in the original thread with it being a while back 

ManyWays

When had the debt been sold to Cabot? Were you aware of that?