Jason v Cabot & Citicard

[jason_mnm]

Thanks for that DX. Citi sent me a letter in 2010 saying they had sold the debt to Cabot and CRA file shows it is recorded in the name of Cabot.

[jason_mnm]

U meant it was sold to someone else and that someone else did not bother to chase the debtors!!!!!!!!!!!! Does it happen at all?..

[dx100uk]

yes , they hold it till near sb date to gain interest on it

 

don't be fooled.

 

might be an idea to stick tou your thread though........

 

by all means read and post support but as q's on your own thread

dx

[dx100uk]

then you need to SAR the OC

 

lets find out why its discounted

 

dx

[jason_mnm]

What is SB date?

 

I am confused..DX... The credit file shows the balance nil for more than a year now and no default notice was sent at all though the accoutn was defaulted for 3 years..but the credit file shows no default...and you think they will come back to chase the debt with interest...!!!! Is that legal? I thought it is legal requirement to send default notice every 6 months....?

[dx100uk]

no

where'd that come from

 

you can only have one DN and thats it.

unless you satify the DN within the 14 days from issue

or you make and SIGN another payment agreement.

 

sb date is Statute Barred date.

 

IF you make NO financial transcaction in/out or

write a letter SPECIFICALLY acking the debt

 

dx

[jason_mnm]

Sorry DX..

to make it clear..

 

the credit file shows no default at all..

it shows the balance £nil in the credit file...

 

Intially my mate ask the bank to write off the balance or settle for minimum account..

 

it was refused initially asking to increase the offer..

 

then he wrote back explaining his family situation and health situation requesting to write off..

they did not reply..

 

however after 7 months he checked his credit file and found the report shows the balance nil and satisfied..

 

He then called the bank and bank was unable to locate the accounts.

 

Then my mate was advised by a cagger that as the balance shows £nil in the credit file and it shows satsified..

he does not have to pay it and should stop paying the nominal amount that he was paying...

 

Please now let me know what u think of it...

[dx100uk]

the nil bal and settled is usually a sign that the oc has writtenthe debt off against tax

 

and has placed the debt on a phishing list

awaiting one of the fleecers to buy it

 

then it typically re-appears with the fleecers name against it and the balance of the debt re-instated.

 

dx

[jason_mnm]

Should my mate start paying the nominal amount he was paying?

[dx100uk]

no why?

 

i'm gonna move these posts to your thread JM.

 

which thread please

 

dx

[jason_mnm]

may be new one will be better.. or post to citicard plz...

[dubadaydrug]

private equity group