PowerOfCats UE Diary

[PowerofCats]

As expected. Letter of claim arrived for Debt 1 too.

After speaking with Gerry yesterday at JCS I'm going to continue to sit tight and await next steps.
My intention is to instruct JCS should I receive court paperwork.

[PowerofCats]

(deleted)

[Sparkles]

It looks like Sparkles thought you got defaulted in Feb 2019 - but that's when it dropped off your file.

Yes i didn't read it properly and thought that's when you had defaulted.

[PowerofCats]

Two statements of account arrived today for the MBNA debts.
Haven't received one for ages and lost paperwork so not sure how often L1nk normally send them? This seems to be dates from May 2024 so just under 6mths. I thought they were yearly but couldn't be wrong. Overthinking but wondering if it's a precursor to next steps... We'll see

[PowerofCats]

Diary updated

Money claim court docs received for debt 1 and debt 2.
JCS instructed and will be handling here on out

[Dottir]

Shame. If I read this correctly you ignored a letter of claim and then got a claim. I realise you took advice from Gerry but as these were pre 2007 it is still a shame you received a claim.

[MisterK]

I may be missing something but it seems to me that these ought to be statute barred as of September or October 2024, assuming that you haven't done anything that would reset the SB clock since the last payment you made in September 2018. The date they dropped off the CRA files is not as relevant as the date for settlement that the original creditor gave when they issued the default notices (in 2013). So if there had been no resetting of the SB clock in the 6 years since the date for settlement then I think that they would have become SB as of some date in 2019. If you reset the SB date during those 6 years by making payments then they would become SB 6 years after the most recent reset which looks like September 2024.

I'm very happy to be corrected on this if I'm wrong, but that's my understanding.

[Dottir]

I may be missing something but it seems to me that these ought to be statute barred as of September or October 2024, assuming that you haven't done anything that would reset the SB clock since the last payment you made in September 2018. The date they dropped off the CRA files is not as relevant as the date for settlement that the original creditor gave when they issued the default notices (in 2013). So if there had been no resetting of the SB clock in the 6 years since the date for settlement then I think that they would have become SB as of some date in 2019. If you reset the SB date during those 6 years by making payments then they would become SB 6 years after the most recent reset which looks like September 2024.

I'm very happy to be corrected on this if I'm wrong, but that's my understanding.

You know what, I think you might be right. If so waiting 25 or so days from the LoC then sending a SB letter would have stopped everything. No claim no costs etc.