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Response to 12 Year rule?
from gary cross (gary.cross@wynnster.co.uk)
HI, ALL LENDERS CAN CHASE YOU FOR 12 YEARS AFTER THE LAST DATE YOU
EITHER PAID THEM SOME MONEY OR YOU CONTACTED THEM BY LETTER. IF YOU
ARE WITHIN THE 12 YEAR PERIOD AND YOU CONTACT THE LENDER OR ANYONE
ACTING ON THERE BEHALF YOUR BUGGERED AS THE DEBT AND TIME SCALE
STARTS ALL OVER AGAIN. THERE IS A DEBATE WHETHER ONCE THE HOUSE HAS
BEEN SOLD WHETHER THE DEBT BECOMES A SIMPLE DEBT OR IS STILL A
SPECIALTY DEBT. THE DIFFERANCE IS A SIMPLE CONTRACT/DEBT IS BASED ON
MONEY BUT A SPECIALTY CONTRACT/DEBT IS BASED ON PROPERTY/LAND. THE
LAW IS VERY UNSURE ON THIS. IF YOUR DEBT IS DATED FROM 1999 OR BEFORE
AND YOU HAVE HAD NO CONTACT WITH ANY CREDITOR YOURSELF DO AS ONE OF
THE OTHER REPLIES SAID, CONTACT A SOLICITOR TO MAKE IT LOOK GOOD AND
ASK THE SOLICITOR TO DISPUTE THE DEBT ON THE GROUNDS THE DEBT IS IN
CONFLICT WITH THE LIMITATIONS ACT OF 1980 (OR SOMETHING LIKE THAT).
ALL THE BEST G.C. (OH, I AM CURRENTLY GOING TO COURT AS MY DEBT IS 9
YEARS OLD. IM THROWING EVERYTHING AT THE CREDITOR AND IF YOUR READING
THIS MR CURTIS ID CHECK WITH THE R.S.A. TO SEE IF THEY WANT TO CARRY
ON WITH MY CASE AS IM MORE THAN HAPPY TO GO ALL THE WAY JUST TO PROVE
THE CASE.)
(posted 8659 days ago)
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