6 year rule

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I have been dealing with a company called PSPC No1 for a few years now and we are going around in circles. I was going through my files and was wondering if someone could help me clear a point.

the first letter I received back in 1998 went as follows:

We hereby give you notice that by an assignment dated 30th October 1997 ("the Assignment") made between the successor to Citibank International plc ("the Assignor), and PSPC No1 Ltd ("the Asignee"), the Assignor assigned to the Assignee all amounts due from you to it pursuant to the loan agreement between you and Citibank Trust Ltd (the "Loan Agreement"); and we require you to pay the principal sum of 6,527.37 (shortfall balance) to PSPC No1. You will be contacted etc. etc.

My house was given back to Citibank in 1992 and was covered by an MIG. My question is when does the 6 year rule start from.

-- Robert Tracey (bob@traceyr.freeserve.co.uk), August 09, 2001


I refer to the above message. The house was handed back early 1989 and finally sold in Sep 1989. Sorry for the confusion.

-- Robert Tracey (bob@traceyr.freeserve.co.uk), August 09, 2001.

Hi bob this is a strange one,yes the mortgage co have got the right to assign a mortgage or interest in it.However I could possibly be argued and don't quote me on this,that the debt becam s imple contract on assignment to these people.That allso assumes that it was not a simple contract in the first place.Do all the thing on this site like making them prove the debt.As you handed back the keys there is every liklyhood that there is no money judgement.It looks to me as if Citi bank sold the debt on and these jokers are just trying to make something from their investment.Seve a SARN fist and have that looked at by a solicitor.Keep us all posted

-- roger watts (rwatts.homeloans@virgin.net), August 09, 2001.

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