Main site > MoneySavingExpert.com Forums > Essential Money > Debt-Free Wannabe > how long is a debt valid (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
how long is a debt valid
Closed Thread
Views: 7,937
Thread Tools Search this Thread Display Modes
# 1
wazza329
Old 15-03-2008, 12:38 PM
MoneySaving Newbie
 
Join Date: Mar 2008
Posts: 1
Default how long is a debt valid

Hi my wife was contacted last year by a credit agency claiming she owes them over 500 from a bank account she used to have around 8 to 10 years ago that went overdrawn by about 50. She has asked them for a full breakdown of the debt which they did not give and she heard nothing more until yesterday. When they phoned up her Grandad as this was where she used to live and threatened him with bailiffs as his address was where the debt occurred, he is now really worried and we dont want to pay anything to them. Is there a time limit on how long a debt can be chased in the uk
Regards
Warren
wazza329 is offline
Report Post
# 2
fermi
Old 15-03-2008, 12:44 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Apr 2007
Location: Planet Express
Posts: 33,500
Default

Have a read through this factsheet.

Link: Factsheet | Liability for Debts and the Limitation Act (England/Wales)

If it applies, then there is a letter to send by recorded delivery at the end of the link.
I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards, Loans, and Benefits boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com | > New to Forum? Click for Guide <

Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
fermi is online now
Report Post
The Following User Says Thank You to fermi For This Useful Post: Show me >>
# 3
chappers
Old 15-03-2008, 3:09 PM
Serious MoneySaving Fan
 
Join Date: Dec 2004
Location: Oxford
Posts: 1,966
Default

Also they can't send the bailiffs without a court order and then they don't have any right of entry.
chappers is offline
Report Post
The Following User Says Thank You to chappers For This Useful Post: Show me >>
# 4
iolanthe07
Old 15-03-2008, 3:13 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Jul 2006
Location: Somerset
Posts: 4,242
Default

A debt is 'valid' for ever, but it cannot be legally enforced after 6 years (12 for a mortgage) unless you admit to it. This is called the 'Statute Barred' and is the only reason you need give for not paying it. They will try and bully you, but hold fast - don't admit anything. I think different rules apply in Scotland.
"Debt is the slavery of the free" (Publilius Syrus, First Century BC)
iolanthe07 is offline
Report Post
The Following User Says Thank You to iolanthe07 For This Useful Post: Show me >>
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 4:51 PM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 24 September 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • ALT-JTHIS IS ALL YOURS
  • PRINCEART OFFICIAL AGE
  • ED SHEERANX (DELUXE EDITION)

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.