Is my Natwest loan statute barred

[Helpplease1]

Hi all,

I got a loan in 2015 for the sum of around £10,000

a year later I lost my job and everything started to fall apart.

 

I was already struggling with depression etc and this just made it worse.

 

I obviously couldn’t keep up with the repayments and in November 2016 was the first payment I missed from here a default was registered on 31 January 2017 to be honest I went on and eventually forgot about this as I never heard anything from them.

 

Then around 2 years ago I received a letter issuing an apology as they are meant to send something out every so often which they didn’t do. I can’t remember what this was.

 

fast forward to now, the debt has gone from my credit file and I’ve still not heard anything from the bank.

 

Is this now statute barred or can this bite me back. 
 

thanks for any help or advice in advance 

Edited February 17, 2023 by dx100uk
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[dx100uk]

well yes it poss is but that makes no odds really 

statute barring in E&W only stops enforcement  of any court judgement so people dont both to goto court, but original creditors dont do court, too much bad publicity involved.

they can ask for the money, you can equally ask them to go away off.

 

so they sell debts on to powerless DCA's and they might try.

 

who's the bank please?

and do you have a bank account with them ?

no need to be secret squirrel.

 

[Helpplease1]

Hi thanks for the quick reply

 

it was with NatWest and no I changed banks i think in January 2017  as everytime I needed money out I had to go in branch.

 

I’ve not heard a single thing from them except the apology letter.

[dx100uk]

ok let it run then

no good sending an sb letter to an original creditor pointless really

 

as for that letter, that would have been an apology for not sending the statutory notice of sums in arrears, which they must send if they wish to charge interest for said period. they didnt send those so they probably gave you a small refund?

 

that cannot count as a payment as its not from you so cant reset the sb date.

 

 

[Helpplease1]

Ah great so, by the sounds of it I can just ignore from now on? I know it’s not the moral thing to do but I’m not really in much a better situation than I was. Any advice for if they do contact in future 

[dx100uk]

throw the morality card out the window means nothing.

they wont other than p'haps an annual statement,

 

dx

 

[Helpplease1]

Thank you very much for the advice it’s much appreciated