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Hello PowerofCats,
I've been interested to read your diary! I was also on a DMP with CCCS/Stepchange that just wasn't going anywhere and was for impoverishing amounts. At the start of 2012 I took the plunge with UE – a method not discussed or supported anywhere other than on this amazing, exceptionally supportive website – and now all of the debts are statute barred, a time that I couldn't imagine ever arriving back then when I first stopped payments.
Others more knowledgeable may correct me, but I don't believe that a debt dropping off the credit ratings agency websites is all that relevant with regard to the possibility of litigation. The six-year statute barred clock (five years in Scotland) would start from the last payment received or other acknowledgement of the debt (e.g. discussing a freezing of interest would, I imagine, constitute an acknowledgement of the debt). I've never actually checked my credit report since about 2010 and I managed to hang on to one credit card for the duration, for ease of hiring cars etc. The credit limit went down to £1,000 on that one, but now it's crept up to £2,500. I pay it off every month though, of course!
Also, it's not immediately clear to a Debt Collection Agency/DCA or Original Creditor/OC whether an agreement is enforceable or not. For the ones that *are* found by Niddy to be enforceable, it doesn't automatically mean that you will end up having to pay them off or reach a full and final settlement.
About half of mine were enforceable, but I didn't get anywhere close to real litigation other than rent-a-letterhead solicitors that were easily swatted off. It is vitally important though that every letter is logged and acted upon where necessary to stop the automated litigation conveyor belt machine from issuing claims, which often happens when critical letters are not responded to -- I've seen one of those happen on a recent diary post on the forum.
I don't know how much you've been paying per month, but you've done very well to pay off as much as you have. You probably realised though that you're only one-third of the way there, and have little appetite to be bunging huge sums to these parasites every month for the next 12 or 13 years.
I know you've been on AAD for a little while now but I'd like to give a belated welcome. You'll have seen how much amazing support there is here on this extraordinary website!
--->> My original introductory thread
--->> My UE diary thread
I've been interested to read your diary! I was also on a DMP with CCCS/Stepchange that just wasn't going anywhere and was for impoverishing amounts. At the start of 2012 I took the plunge with UE – a method not discussed or supported anywhere other than on this amazing, exceptionally supportive website – and now all of the debts are statute barred, a time that I couldn't imagine ever arriving back then when I first stopped payments.
Others more knowledgeable may correct me, but I don't believe that a debt dropping off the credit ratings agency websites is all that relevant with regard to the possibility of litigation. The six-year statute barred clock (five years in Scotland) would start from the last payment received or other acknowledgement of the debt (e.g. discussing a freezing of interest would, I imagine, constitute an acknowledgement of the debt). I've never actually checked my credit report since about 2010 and I managed to hang on to one credit card for the duration, for ease of hiring cars etc. The credit limit went down to £1,000 on that one, but now it's crept up to £2,500. I pay it off every month though, of course!
Also, it's not immediately clear to a Debt Collection Agency/DCA or Original Creditor/OC whether an agreement is enforceable or not. For the ones that *are* found by Niddy to be enforceable, it doesn't automatically mean that you will end up having to pay them off or reach a full and final settlement.
About half of mine were enforceable, but I didn't get anywhere close to real litigation other than rent-a-letterhead solicitors that were easily swatted off. It is vitally important though that every letter is logged and acted upon where necessary to stop the automated litigation conveyor belt machine from issuing claims, which often happens when critical letters are not responded to -- I've seen one of those happen on a recent diary post on the forum.
I don't know how much you've been paying per month, but you've done very well to pay off as much as you have. You probably realised though that you're only one-third of the way there, and have little appetite to be bunging huge sums to these parasites every month for the next 12 or 13 years.
I know you've been on AAD for a little while now but I'd like to give a belated welcome. You'll have seen how much amazing support there is here on this extraordinary website!
--->> My original introductory thread
--->> My UE diary thread
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