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Re: Oct Revolution's UE Diary
Not exactly, no. The SB clock starts ticking from the "cause of action", which will be the first missed payment. For example, if you have a Crap One card, payments become due on the 30th of the month. If you get a bill dated 30th June, and make the minimum payment in July, and then receive another bill dated 30th July but this time can't afford to pay it, the SB clock starts ticking from 30th July, not from when you made the last payment earlier in the month.
The date of a Default Notice, or termination of an account, never has any relevance to the Statute Barring date. It is a different issue altogether.
You are correct, though, in that a default will drop off your credit file after six years, but the alleged debt itself will not become SB if you have made a payment. The same applies to a written acknowledgement.
The only actions which reset the limitation clock are a payment by yourself, or someone acting with your authority, or a written acknowledgement of the alleged debt. If, however, a period of six years without any such payment or acknowledgement has previously passed, then the alleged debt is permanently statute barred and no amount of paying or acknowledging will ever change that.
SH
Originally posted by Oct Revolution
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The date of a Default Notice, or termination of an account, never has any relevance to the Statute Barring date. It is a different issue altogether.
You are correct, though, in that a default will drop off your credit file after six years, but the alleged debt itself will not become SB if you have made a payment. The same applies to a written acknowledgement.
The only actions which reset the limitation clock are a payment by yourself, or someone acting with your authority, or a written acknowledgement of the alleged debt. If, however, a period of six years without any such payment or acknowledgement has previously passed, then the alleged debt is permanently statute barred and no amount of paying or acknowledging will ever change that.
SH
and to blag for moment and see what happens !!!
) The letter says: "...refer to previous communication...please find enclosed copy of CCA ... further documentation will be sent upon receipt...". I2D says send "CCA Query - missing perscribed terms" - so continuing to BLAG - letter sent.
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