apex/cabot chasing Statute Barred credit card debt

[mr deeds]

I defaulted on a credit card account back in July 2009 with Lloyds TSB.

 

I agreed with them to pay £40 per month which I have been doing ever since.

 

In Feb 2013 Lloyds sold the debt to Prime Credit effective Aug 2012.

 

They said all future payments would be forwarded to Apex Credit Management.

 

In Aug 2014 Apex assigned the debt to Cabot Credit Management.

 

I have at no time responded to Apex or Cabot.

 

The defaulted debt has now been cleared from my credit record.

 

I still owe around £5k.

 

My question is, what would happen if I stopped paying the £40 per month?

 

Many thanks

[dx100uk]

so you've been getting regular statements and when this has changed hands

a notice of assignment too?

 

 

hows the CCA on this one?

ever requested it?

even looked at penalty/PPI reclaiming?

 

 

dx

[Bazooka Boo]

IMO I'd dump them to £1 a month, request the CCA (£1 fee) wait and see if they can magic one up then take it from there.

 

In a nutshell, you're a cash cow to them, they get a regular monthly sum, they put it in their profit pocket and

as long as you're willing to pay them, they're more than happy to take it.

[AndyOrch]

Why is your thread titled....

 

" apex/cabot chasing Statute Barred credit card debt "

 

I assume payments are still going to LLoyds ?

 

Andy

[ericsbrother]

it is not statute barred because you have acknowledged it and are paying it.

 

What you ned to do is send a CCA request to the current owner of the debt

so you can see if they actually have the rights to continue collecting the money.

 

If they failt to respond within 14 days after the receipt of your request

(that is 2 days after you posted it, even if they claim not to have received it)

then you can stop paying until they do comply.

 

As this has been passed on a number of times it is unlikely they will respond in time

and you can stop paying them, even if temporarily.

[mr deeds]

Why is your thread titled....

 

" apex/cabot chasing Statute Barred credit card debt "

 

I assume payments are still going to Lloyds ?

 

Andy

 

I assumed as it disappeared of my credit record due to going past 6 years is was SB?

 

Yes payments still being made to Lloyds, who are then passing it to Apex/Cabot

[mr deeds]

so you've been getting regular statements and when this has changed hands

a notice of assignment too?

 

 

hows the CCA on this one?

ever requested it?

even looked at penalty/PPI reclaiming?

 

 

dx

 

No regular statements since Lloyds sold it it to Apex (letter from Lloyds), and letter

 

 

Apex sent lots of letters which were ignored but included one saying they had assigned the debt to Cabot, again letters ignored.

 

No requested a CCA, what would this achieve?

 

No PPI involved

[theoldrouge]

When was the account opened?

[dx100uk]

I assumed as it disappeared of my credit record due to going past 6 years is was SB?

 

Yes payments still being made to Lloyds, who are then passing it to Apex/Cabot

 

again where did you get that from

sounds rather freemen of the land stuff to me...

 

there I no direct relationship between a default [or a default notice] and statute barring

even if you hadn't paid anything.

 

so you need to get a CCA request

to whomever you are paying asap.

 

read the full CCA thread first.!!

 

if whom you've been paying has never sent you a statement

they cannot [if they have been?] charging your interest

 

dx

[mr deeds]

In 2004, with Createcard

[dx100uk]

createcard???

 

 

dx

[mr deeds]

again where did you get that from

sounds rather freemen of the land stuff to me...

 

there I no direct relationship between a default [or a default notice] and statute barring

even if you hadn't paid anything.

 

so you need to get a CCA request

to whomever you are paying asap.

 

read the full CCA thread first.!!

 

if whom you've been paying has never sent you a statement

they cannot [if they have been?] charging your interest

 

dx

 

OK I get that, but it has gone from my credit record.

 

I have not been charged interest, so not sure what asking for the CCA will achieve? And yes I have read the thread that link sends me too

[dx100uk]

so you want to keep paying even though it might not be enforceable?

 

 

dx

[mr deeds]

so you want to keep paying even though it might not be enforceable?

 

 

dx

 

OK unless I'm being thick here how will getting the CCA prove it is/isn't enforceable?

 

Unless I'm reading the wrong thread link?

 

Many thanks

[dx100uk]

urm you need to get it first.

 

 

dx

[Bazooka Boo]

Is it these guys? http://www.credit-card-application-online.info/createcard-credit-cards.htm

 

Just looking at their fees alone, it will defo be beneficial if you get the CCA, and then possibly SAR (£10) to reclaim all those fees and charges.

 

You need to start somewhere, so demanding the CCA (£1) will be the best start.

 

If they are able to send a compliant CCA then you can send them a SAR, and reclaim all of their fees/charges including interest at their rate accrued on those charges/fees.

 

What it will do, is put YOU back in control, instead of them demanding you pay them what they tell you too, and dance to their tune.

[mr deeds]

Is it these guys? http://www.credit-card-application-online.info/createcard-credit-cards.htm

 

Just looking at their fees alone, it will defo be beneficial if you get the CCA, and then possibly SAR (£10) to reclaim all those fees and charges.

 

You need to start somewhere, so demanding the CCA (£1) will be the best start.

 

If they are able to send a compliant CCA then you can send them a SAR, and reclaim all of their fees/charges including interest at their rate accrued on those charges/fees.

 

What it will do, is put YOU back in control, instead of them demanding you pay them what they tell you too, and dance to their tune.

 

Yes it is these.

 

OK but what I am struggling to understand is what the CCA will reveal? I am pretty sure there is no accumulated fees and interest on this from when it went into default.

[AndyOrch]

The failure to comply with a CCA request (as may be the case) takes away all the power of legal action and enforcement.

[Old Cogger]

It is to see if it is compliant with regulation i.e. enforceable/unenforceable

[AndyOrch]

Mr Deeds you have been here since 2009.....??????

[Bazooka Boo]

Alternatively, carry on paying them the five grand, that you may or may not owe?