older charges?

fisherman7

If anyone can help? I had an account with Nat West some years ago and used it for a business, which subsequently went bust. Towards the end of my business, I went overdrawn over my limit and owed about £800. With interest charges etc, this ended up at nearly £7000. They have been after me on and off since about 1990 for this, which I cannot pay. Could I try to claim these back? The A/c had been passed to a debt agency, but has just been sent back to the bank because I have not been able to pay.

Any ideas? Thanks

natweststaffmember

fisherman7 wrote: »

If anyone can help? I had an account with Nat West some years ago and used it for a business, which subsequently went bust. Towards the end of my business, I went overdrawn over my limit and owed about £800. With interest charges etc, this ended up at nearly £7000. They have been after me on and off since about 1990 for this, which I cannot pay. Could I try to claim these back? The A/c had been passed to a debt agency, but has just been sent back to the bank because I have not been able to pay.

Any ideas? Thanks

How long ago is some years ago? When was the last time that you acknowledged the debt?

fisherman7

Thanks for replying. The business ran through 1988 into 1999. I tried to pay some back, but was out of work raising children as single parent for about ten years and didn't hearanything fromNW for a few years. Not quite sure how long. Was going to take it to ombudsman years ago, but took so long before I heard from them (about five years, I think) that I gave up. Heard from Nat West debt collectors end of last year or beginning of this, but have not done anything about it, apart from write to say that I am currently out of work, on JAS and cannot pay anything.

Cheers.

fisherman7

Sorry, wrong dates on last reply, it was 1988 - 1989

esmerellda

So 6.2k in charges basically.

I'd just tell them you wont be paying that 6.2k charges because they are unfair, disproportionate and ridiculous and will make a payment arrangement of £10 a month on the £800 (if you can afford to), then if they want to take you to court I think you could quite easily argue the charges are removed. they can hardly argue limitations on you when they are chasing a debt from 88.

I cant see you getting any money out of it, but should wipe that debt back to a sensible levl.