Cabot chasing 2002 welcome finance 'debt' - Statue Barred?

[dave1956]

Hi

 

 

Can anyone help me please,

 

 

I am being chased by solicitors on behalf of cabot for a debt that I know is stature Barred

because I have had no contact with or made any payments for over 6 years

 

 

I have sent them the stature barred letter

but they have come back to me saying it is not stature barred

because the agreement was terminated on 12.4.2013?

 

The original company was Welcome Finance who appears to have sold the debt to Cabot,

all of this without my knowledge, but never the less I still standby the debt being stature barred.

 

Can anyone advise me what they are talking about with regard to it not being stature barred because of termination of the debt.

 

I am very confused by all of this, and it appears that they are going to court on this basis.

 

Thanks

 

 

Dave

[Ford]

welcome to cag btw

 

hmmm, what was the nature of the credit/finance, loan/hp car finance?

when was its end of term?

[dave1956]

welcome to cag btw

 

hmmm, what was the nature of the credit/finance, loan/car finance?

when was its end of term?

 

The loan was a personal loan unsecured October 2001 on a 24 month period

 

The end of term should have been October 2003

 

Have you heard if this action before?

 

Thanks

Dave

[oleg]

Cabot are just trying it on. No great surprise. Ignore them. If you are certain about not having contacted for over 6 years you're completely safe.

[Ford]

The original company was Welcome Finance who appears to have sold the debt to Cabot, all of this without my knowledge

also, before dca trying to collect on a matter, at least a notice of assignment shld be sent prior.

[Stigman]

Might be best to check your Credit Reference File to see if anything is either listed & if it is by whom & what dates.

 

Noddle is free to use but remember that they are the third least used Credit Reference Agency so information is either slow to update or not listed.

Equifax & Experian both offer free 30 day trials but remember to take a copy & cancel within the 30 days or your card will be charged £14.99 per month.

You can obtain postal copies, the forms are available to download on each of their websites and costs £2.

 

Stigman

[dx100uk]

so when did you last pay anyone anything on this 2002 welcome debt....

 

 

this sounds outrageous

but nothing mew for either welcome or cabot to pull such a stunt.

 

 

tell us the history/.

 

 

dx

[Ford]

The loan was a personal loan unsecured October 2001 on a 24 month period

 

The end of term should have been October 2003

 

Have you heard if this action before?

 

Thanks

Dave

 

an outstanding loan amount wouldnt become due until the end of its term, even if missed instalments within, unless a creditor asks for it back prior to the end of its term.

once the term has ended, then anything outstanding becomes due.

maybe they are poss looking to try rely on a recent HP case?