Advise please

unlucky2008

Hi i had a loan for a vehicle back in 1992 roughly,the garage i bought the vehicle from went bust, and I moved away and had a couple of debt letters re the payments. I contacted one company once and agreed to pay something, paid 2 installments i think and then couldnt afford to anymore. I then never heard anything from anyone for years, suddenly i have received a letter at my current address saying they want £3,700 from me by 21st August. Is this debt not cleared after 6 years of no payment? How have they got my address details? Can you tell me do I have to contact them or just ignore the letter? Sorry I am based in Uk. So would like to know where I stand legally.

I have now received a letter from Scotcall saying they are sending a debt collector round to the flat. I really dont understand why they are doing this?

I look forward to hearing back from you

Miss Unlucky 2008

MrsTinks

Was this a loan or a hire purchase agreement?

fermi

unlucky2008 wrote: »

Is this debt not cleared after 6 years of no payment?

Debt are not cleared or written off after 6 years of no contact from the creditor, but they can become legally unenforceable.

From a previous thread:

A debt will be "Statute Barred" if there has been no acknowledgement of the debt by you making a payment or in writing within the relevant limitation period.

If you are in England/Wales then the limitation period is 6 years and you should read:

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

If you are in Scotland then the limitation period is 5 years and you should read:

Link: Factsheet | Liability for debts & the Prescription & Limitation (Scotland) Act 1973

If you feel the debt is "Statute Barred", then there is a letter to write at the end of each factsheet.

If you are unsure of anything, then give National Debtline a call free on 0808 808 4000 to talk your situation through with a professional advisor.

unlucky2008

MrsTine wrote: »

Was this a loan or a hire purchase agreement?

To be honest i believe a loan but i dont have any documentation at all relating to this. It was apparantely from HFC.

unlucky2008

fermi wrote: »

Debt are not cleared or written off after 6 years of no contact from the creditor, but they can become legally unenforceable.

From a previous thread:

Thanks for info. Do i have to write to the creditors or just ignore this letter I have received and see if they contact me again?