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Contact from creditor after 10 years.
minimad1970
Posts: 6,167 Forumite
I was declared bankrupt precisely 10 years ago. I've just received a letter from Sainsbury's bank, it's a Notice of Sums in Arrears, this account was included in my bankruptcy. This is the first time I've heard from them in 10 years. It says " You've failed to pay the monthly minimum payment to your credit card for the last two months either by not paying any amount or by paying less than the minimum payment. Under the Consumer Credit Act 1974 we must send you this notice."
Before I ring them does anyone know if this a usual thing or is it something that I should be concerned about?
Thanks.
Before I ring them does anyone know if this a usual thing or is it something that I should be concerned about?
Thanks.
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Comments
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If you've not heard from them in ten years, not made any payments to them, not acknowledged the debt in some way, then I believe the debt becomes statute barred after six years of no contact (five years in Scotland).
Edit: See the thread Statute barred debts and the Limitation Acts. There are template letters within this thread that you can send to the creditor.I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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Willing2Learn wrote: »If you've not heard from them in ten years, not made any payments to them, not acknowledged the debt in some way, then I believe the debt becomes statute barred after six years of no contact (five years in Scotland).
Edit: See the thread Statute barred debts and the Limitation Acts. There are template letters within this thread that you can send to the creditor.
Thanks. I've had no contact from them and I've made no payments in 10 years. I'll have a read of that thread.0 -
It may be that because the debt was included in the bankruptcy, another rule or piece of legislation then becomes applicable. But I don't know. Best to wait for responses from other MSEers before acting.
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
Hi minimad1970
It doesn't sound like you are being asked to pay the debt, but more like a standard letter has been sent. This may have been computer generated. You could choose to contact them to say the debt was written off when you were discharged from bankruptcy and ask them to update their records accordingly.
If the debt still existed it could be statute barred but the fact that it was included in your bankruptcy means you no longer have any liability to pay.
Best wishes
Susie
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Thanks Susie. It doesn't read like they're asking me to pay, which makes me wonder what's the point of the letter.
It's got this section,
Payments Due
26 June 2018 Contractual Minimum Payment £0.00
30 July 2018 Contractual Minimum Payment £0.00
Payments Received
£0.00
Total Payments Not Received in the last two months £0.00
To me it reads like they're asking me for nothing!!0 -
i used to get these type of letter as well whilst in my IVA, more of a statement of account/affairs than anything else0
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Did you do a credit file clean up after your BR?0
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Hi again minimad1970
They're not asking you to pay so there's really nothing to worry about. If you wanted to you could contact them to query it, but equally you could just ignore it.
Best wishes
Susie
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
National_Debtline wrote: »Hi again minimad1970
They're not asking you to pay so there's really nothing to worry about. If you wanted to you could contact them to query it, but equally you could just ignore it.
Best wishes
Susie
@natdebtline
Thanks, that's what I thought. It's just weird to hear from them after so long.0
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