Advice on statute barring please.

[sentrius]

I got into debt some years ago and managed to sort out most of my debts bar one.

 

Recently I have been contacted by a debt recovery agency who are trying to recover the debt.

 

I have had no contact nor made any payments on the debt since April 2007

 

so presumed the debt to be statute barred.

 

However, I then went onto one of the credit reference sites to check my credit records

only to find that the default date listed for the debt was in fact June 2008.

 

How can this be possible and is the time of the debt measured by my last contact or by the default date on my records.

 

Any information to clarify this would be gratefully appreciated.

[dx100uk]

there is no direct link

between Default date and SB date

 

typically a debt should be defaulted within

6mts of last payment.

 

the debt will remain on your cra file

till the defaults 6th birthday

 

name names please.

 

dx

[renegadeimp]

Sb is 6 years from the date of last payment or written acknowledgement of the debt in your case

Cra file has no bearing on the date as the entry can be made 6+ months after.

[BRIGADIER2JCS]

I got into debt some years ago and managed to sort out most of my debts bar one.

 

Recently I have been contacted by a debt recovery agency who are trying to recover the debt.

 

I have had no contact nor made any payments on the debt since April 2007

 

so presumed the debt to be statute barred.

 

However, I then went onto one of the credit reference sites to check my credit records

only to find that the default date listed for the debt was in fact June 2008.

 

How can this be possible and is the time of the debt measured by my last contact or by the default date on my records.

 

Any information to clarify this would be gratefully appreciated.

 

The default date and the date a debt becomes statute barred ARE NOT interchangeable.

 

A default may remain on file after the debt becomes statute barred, i.e. until as dx said the 6th anniversary of the default.

 

Stat barred = 6 clear years with no payment or unequivocal written acknowledgment of the debt:= the date a payment was due and not made after which no further payment was ever made.

[sentrius]

Thanks for the rapid replies. So what you are saying is that the debt is statute barred regardless of the default date on the credit reference agency?

As far as naming names DX, the debt is due to Cabot Financial and the debt collection agency who have recently contacted me are CCS collect.

They sent me a letter a couple of weeks ago asking me to get in touch concerning a business matter if I was the person named in the letter. I ignored this, then today got a letter saying they were representing Cabot and would accept half of the due debt as settlement.

Should I just continue to ignore them?

[BRIGADIER2JCS]

They will have no idea the debt is/could be stat barred.