Limitations act

Terry01582

Hi,
i stupidly took out a loan many years ago (1997) and and could not afford to carry on repayments. the debt accrued to over £11000. I've moved many times and had no contact from any collection agencies for well over 6 years until about a year ago. I told them i did not acknowledge the debt and have heard nothing since(i'm assuming they were fishing). The problem i have now is improving my credit rating. if i obtain my credit report and link my address with previous addresses is it likely that this will be passed on and the cycle will start again and i'll be chased once more? I'm not aware of any ccj's against me but can the debt be chased still if there is?

Regards
Terry

10past6

Hello Terry, and welcome to the forum :hello:

There's every chance you could be chased from now until doomsday, it all depends who this debt ends up with, but if you're certain you're covered by the limitations act, you have nothing to worry about.

RAS

Terry

if anyone comes back, send them a statute barred letter and insist that they remove your details from their records.

That prevents them selling the debt on or gives you leverage to report them to the Information Commisioner if they do so.