Hi,
I have joined the forum in the hope that somebody has useful information for me in my aim to shake Cabot Financial off, who are chasing a debt which becomes statute barred in September 2018.
A brief outline of the debt I am being chased for:
Type of debt: Credit debt - Santander Current account
Outstanding balance: £590 (consisting £150 overdraft + £440 charges)
Account closed: September 2012
After speaking with a helpful advisor at the National Debtline and explaining my situation,
I was told it was a difficult one which needed careful consideration of my next steps.
I was presented with three options:
1. Wait the seven months and risk court action
2. Set up a payment plan, which would reset the limitation act
3. As it was a disputed debt with Santander,
present evidence to Cabot for them to investigate
- but this would reset the statute barred clock.
I have email records of a complaint I had made to Santander about charges on my account late in 2011.
Santander acknowledged receiving my complaint,
they even followed up with an email apology for the delay in responding to the complaint
- but this was to be the last correspondence with no further follow up and the issue remained unresolved from their side.
I have records of this correspondence.
I stopped using the account and the charges continued until the bank decided to close it in September 2012.
I really don't have the money to pay this debt.
I would really like to avoid paying it especially as it was disputed with Santander in the first place,
I can't afford a CCJ as it will stop me getting a mortgage which I hope to be in a position to go for within the next few years.
I am looking for delay tactics without acknowledging the debt to get me into the statute barred date when I can confidently answer a Cabot phone call and tell them to do one!
Any wisdom would be greatly appreciated!