Default End Date

rustygoldfish

Hi all,

I got myself into a pretty poor financial position back in 2018/2019 where I buried my head in the sand and picked up a number of defaults and two CCJs. These are now coming to an end, and I just need some advice on what the next steps might look like as the debt still hasn't been fully repaid. 

The following defaults are with Link Financial: 

• Date of Default 09/09/2019 - £920
• Date of Default 12/09/2019 - £2,480
• Date of Default 26/09/2019 - £11,800
• Date of Default 19/09/2019 - £1,800
• Date of Default 18/09/2019 - £1,890

My understanding is that all of the defaults will be removed from my credit report at the end of September, although because I have chipped away and made payments, they won't be statute barred until at least 2031. 

My question is once the debts are removed from my credit report, what happens after that? Will Link Financial still chase me for the outstanding balances? Is that likely? Or would they leave it? Has anyone had experience with Link and what they do at the end of the default period?

Thanks
Rustygoldfish

Rob5342

The debts disappearing from your credit report won't make any difference to link, they'll still want payment from you but will probably be more likely to accept settlement offers now that the debts are older. 

Have you made CCA requests? If they can't produce the CCA then they can't enfore the debt so you can simply stop paying and there is nothing they can do. Making a CCA request would reset the statute barred clock, but if you have made a recent payment you wouldn't extend the date they become statute barred by much.

sourcrates

Debts are still valid and collectable whether they appear on your credit file or not.

Rob has some good ideas above.