Where is my debt now?? Rabble rabble

Joeler

Hi Guys,

Weird one, but bare with me...

When I was 18 I started getting into some debt and built up the following portfolio!!

HSBC Loan & C Card - £5490
Egg Loan (to pay off previous C Card) - £4440
Lloyds Overdraft - £900.00

Now I stuplidly ignored these debts for years after I wrote to them all telling them I couldnt afford the repayments and interest was frozen, especially looking back at the pittence I was earning at the time. I was also living with my parents who eventually found out and tried to help me where they could with advice etc, although they didn't have the funds to bail me out. Eventually these were passed to DCA's who I tried to pay but eventually started ignoring completley. I cant tell you how stressful the last few years have been, but finally facing up to things now.

So now I am trying to turn my self into a responsible adult (25), and I now earn a good wage, enough to enable me to save fast and get rid of these debts once and for all.

For years I was scared to look at my credit reports, although somehow after moving house several times over the past five years I was able to get a current account, loan and contract O2 phone - all by the book by the way, I think it's just the lack of address links that enabled me to do so? I also now have a Barclays current account and some savings.

I have got my Credit report from Experian, Equifax and lastly Call Credit which show my Mobile phone, two current accounts, loan (11 months to go) all are fully up to date with nice green ticks, zeros.

There is 1 x default from 2005 for the balance of the Lloyds o/D which I will be satisfying at the end of the month.

What I want to know is, where is all the rest? I thought my reports would be littered with defaults and red marks and I would be in a really bad position.

I received a letter not so long ago from a debt agency chasing the HSBC debt, but nothing is mentioned on the credit reports and I am hoping it will stay that way although I am determined to pay these debts in full off ASAP.

There are also no CIFA records, CCJ's or other baddies on these reports - so far!

Sorry to rabble but pretty confused. Will these reach my report sooner or later, or have I been incredibly lucky? Any info would be really interesting.

Thanks guys,
Joeler

RAS

Hi

Debts that have not benn paid in the last 6 years are statute barred unless there is a CCJ against them. So you do not have to pay them, unless you really want to.

And defaults over 6 years old fall off the credit record.