Refund letter for Barclays loan

[tetrad]

Hi. 

 

I've received a letter this morning from Barclays regarding a refund on a loan account I had with them - the account was defaulted around 2009. 

 

I've done a bit of reading and I believe it's 'statute barred' - no payments have been made and I've not acknowledged the account. It also doesn't show at all now on noddle.

 

The letter is not about ppi

- it says it's following changes to the CCA in 2008 they've discovered they sent incorrect information to customers. 

They want me to send details of an account it can be paid into and a copy of a recent bank statement for that account.

 

 it appears they want to refund me money I may not even have paid in the first place. 

 

I've searched the forum and read a few similar posts but they are for slightly different circumstances (people still paying off the loan to a debt collector for instance). They're also quite old going back to 2015.

 

If I accept this does it negate the stature barred and mwean they will then chase me for the remainder?

 

It's for £500 ish which would be very nice, but I'm a bit unertain bout what to do.

 

The phone number and address on letter both check out as legitimate. 

 

Thanks for any advice.

[dx100uk]

will guess this is because barclays didn't send Notice of Sums in arrears letters.??

 

if the creditor fails to provide a notice of sums in arrears when required to do so,

 

then during the period of his failure to provide the notice (i.e. from the date that it was required to be given until the end of the day on which it is eventually provided), he is not entitled to enforce the agreement.

 

In addition,

The debtor is not liable to pay any interest that relates to the period of the creditors failure to supply

 

you cant reset SB once 6yrs hve expired

 

dx

 

[tetrad]

Thank you dx

There letter says they are 'not entitled to charge interest from the time of the initial issue until the date the loan was fully repaid.'

They must have a record that they sold the unpaid loan on, so it seemed a bit odd to me, but I suppose they don't have an option but to follow it up?

 

If I fill in their form and accept the refund, am I potentially leaving myself open to more problem or does the statute barred preclude that?

[dx100uk]

free money grab it. cant hurt you

[tetrad]

Think I might. Just had a new grandchild arrive so it would be handy!

Thank you.