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It was signed in March 2008 by my husband. Proceedings have been issued (I think) as I received documents today from a court asking me for my side of the story, if applicable. I don't think that the statute counts here as credit period expires 51 weeks from the date that the agreement was signed.
I'm not really sure actually. AE were assuming to get the money from my insurer believing that we were not at fault for the accident and I assume were then going to pursue my insurance company if we were found to be at fault.
I heard nothing from them until last year with regard to them asking me to chase my insurance company and threaten them with the Financial Ombudsman.
the exact wording of the agreement is: Credit Period: A Period which expires on the earliest of a) the date 51 weeks from the date this agreement is made, b) the data your claim against the third party is concluded by a payment which we approved as a final settlement or by a court decision or by its discontinuance or abandonment with our approval, c) the date on which we terminate this agreement under clause 6.1, d) your death or insolvency.
Yes, my husband signed it but it's in my name. I did not sign it and was never asked to.
Oh that is wonderful news. Thank you very much indeed.
That is all I needed to know. Thank you very much. Enjoy your weekend.