Riberaclass UE Diary

[Riberaclass]

Re: Riberaclass UE Diary

That's even better! many thanks RL

[swanfan]

Re: Riberaclass UE Diary

Yes we were. Does the 5 yrs start from the date of the default notice?
regards RL

Statute barred starts from the date of the last payment.

[Riberaclass]

Re: Riberaclass UE Diary

Yes we were. Does the 5 yrs start from the date of the default notice?
regards RL

[Riberaclass]

Re: Riberaclass UE Diary

OK I'll do that then. So no F&F then? regards RL

[Deepie]

Re: Riberaclass UE Diary

So would you send the 'threat by creditor' letters to these two? I'm back for a flying visit next week & could get them posted while I'm there. Or would you go down the route of F+F offers?
regards RL

Yes I Would send those........

[Riberaclass]

Re: Riberaclass UE Diary

So would you send the 'threat by creditor' letters to these two? I'm back for a flying visit next week & could get them posted while I'm there. Or would you go down the route of F+F offers?
regards RL

[Deepie]

Re: Riberaclass UE Diary

Yes I know we do, it was just a case of trying to sort them out at the time & work out what was U/E. At the moment we have no plans to return, we've just taken a 5 yrs lease so certainly not before then (if at all). The only thing that concerns me is our tenants as they are really nice & don't particularly want them to be evicted but as there is no equity is this likely?

They will only get evicted if you don't pay the mortage....

Do you think it's worth making a f+f offer at all? regards RL

Worst thing that can happen is they get a Charge on the property....

[Riberaclass]

Re: Riberaclass UE Diary

Yes I know we do, it was just a case of trying to sort them out at the time & work out what was U/E. At the moment we have no plans to return, we've just taken a 5 yrs lease so certainly not before then (if at all). The only thing that concerns me is our tenants as they are really nice & don't particularly want them to be evicted but as there is no equity is this likely?
Do you think it's worth making a f+f offer at all? regards RL

[Deepie]

Re: Riberaclass UE Diary

Are you thinking about coming back to the UK ?
Just had a quick look at your Diary and you do have some enforceable debts...........

[Pixie]

Re: Riberaclass UE Diary

M&S c/c
Threat from 'credit resolution services' regards M&S c/c. 'a review of your case with a view of passing it to our sols for immediate action. My recommendation would be a ccj etc'.
Pretty much along the lines of the Lloyds c/c
Quite happy to send 'threat by creditor' letter but considering sending letter back as 'not known', as we're not at the address they sent it to!
Really not had many letters over the past 6 months - it appears they have woken up again!
regards RL

They do tend to wake up at this time of year. Probably something to do with it being near the end of the tax year.

[Riberaclass]

Re: Riberaclass UE Diary

We have a house that was a buy-to-let (remember those days) although we have never lived in it. It was originally let for holidays & for the last 3 yrs we've had a full time tenant. There is a fairly hefty mortgage on it (interest only) & since the recession it's now probably worth less than the mortgage so we just left it. I realise that this could be a problem as I had spoken to Nidd about this some time ago. I presume if there is a CCJ they just do a search for properties that you own? If it makes any difference it's in Scotland, regards RL

[Deepie]

Re: Riberaclass UE Diary

do you own a property in the uk ?........

[Riberaclass]

Re: Riberaclass UE Diary

M&S c/c
Threat from 'credit resolution services' regards M&S c/c. 'a review of your case with a view of passing it to our sols for immediate action. My recommendation would be a ccj etc'.
Pretty much along the lines of the Lloyds c/c
Quite happy to send 'threat by creditor' letter but considering sending letter back as 'not known', as we're not at the address they sent it to!
Really not had many letters over the past 6 months - it appears they have woken up again!
regards RL

[Riberaclass]

Re: Riberaclass UE Diary

Many thanks in 2 deep but we no longer live in the UK. Does this make any difference? I can arrange for the letter you advised to be sent if need be. Still have saving a/c's in UK at the moment but nothing that is with anyone to do with debts. regards RL

[Deepie]

Re: Riberaclass UE Diary

What is statute barred debt?

Statute barred debt is debt which in certain circumstances becomes unenforceable in court. The piece of legislation which sets out these circumstances is the Limitations Act 1980. So when a creditor comes chasing you for an old debt you can use the following information to access whether or not your debt is time barred.
How long can a creditor chase a debt?

This is dependent on the type of debt you have. The most common form of debt which people ask about in our forum is unsecured debts eg credit cards, personal loans, store cards, catalogues, bank loans, finance company loans etc. The Limitations Act 1980 states that when the following conditions are met then the debt cannot be pursue through the courts.

The conditions are:-

• That the creditor has not taken court action against you, eg CCJ, AND
• You have not made any payments on the debt over the last 6 years,AND
• During the years, you haven't written to the creditor acknowledging that owe them money.

As you can see all three conditions must be met in order for the debt to be "time barred". So the answer to the above question is 6 years.