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Hello my name is ***** ***** I will help you with this.
For now please let me know whether it has been more than 6 years since you made the last payment on this loan?
In answer to your question, i have never personally made any payment to the bank to reduce the loan, for over 6 years 3 months, the bank used a firm of insolvency practitioners or receivers to take over property,and sell it, taking £10,000. fees from the sale,and the balance was used to reduce the loan, by approx £70,000. leaving approx £52,000 still to pay, plus accruing interest on a daily basis. i had no control over that sale or payment, to the bank or receivers.that was about jan 2012, but the original demand was july 2008 for £121,000.i never acknowledged that debt balance, before or after the sale to reduce the loan.I had no say at all in the matter.
Ok - so you have never acknowledged the debt for over 6 years?
there is a delay in your reply, i assumed there was a problem in relaying my message to you, as the reply box, would not accept my typing, but now it appears to be working,
Yes correct i never acknowledged the debt in written form, or verbally for over 6yrs and 3 months.
Ok - if that is the case then it should be statue barred now as per the Limitation Act 1980
You should write and say its been 6 years and now time barred.
If you have never acknowledged or paid the debt then by law it can not be issued through the Courts
They can still chase it but you can say no
But they can't issue proceedings because of the Limitation Act
Can I clarify anything for you about this today please?
i was told as they have not chased me now for over 1 year, i should let sleeping dogs lay, so to coin a phrase, but i am positive of my dates, time, and facts. and was aware of the statute barred time period,i just want peace of mind.
I see. If they have not chased it, I agree I would leave it
Why urge them into doing something!
But you will be pleased to know if and when then they will be statue barred
Does that help?
ok thats what my friend of a legal mind told me, i just needed a second opinion.Thank you so much Alex.
Can I clarify anything else for you today please?
I have one more problem, can i explain on another issue, not the one we have discussed.
If I could invite you to rate this answer and then post another one. (Site rules)
ok thanks no problem.
Can I clarify anything else for you, related to this question?
i,ve rated it Excellent service.
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ok done, once again thanks. Tom.