outstanding debt of 13 yrs

holiday11

Hi can someone please advise me where I stand I today received a letter from a company chasing me for an outstanding debt of 13yrs whats this all about ?? can they do this ??

Anyone have advice:eek:

chickencurry

Hi,
after 6 yrs the debt is statue barred and non enforcable. If you look in the letter template section there are some examples of letters you can send them to say you have no intention of paying the debt as its statue barred and they should then leave you alone. Sorry, dont know how to put a link on here for the letter but you should find one written by some lovely people on this website x

savingmummy

if you have had no contact at all then this will be barred http://forums.moneysavingexpert.com/showthread.html?p=26870341#post26870341

Just out of curiosity what was the debt? and how did you leave it so long lol

holiday11

Thank you to you both I'll get busy with my printer.. 13 yrs ago what a joke

chickencurry

I guess they think its worth a try! They prob bought your debt for 10p lol

holiday11

Oh My God your joking .. really ?

chickencurry

holiday11 wrote: »

Oh My God your joking .. really ?

Lol. They do buy old debts on the off chance for ridiculous amounts hoping that they will get a result from someone panicked into paying them. 10p may be a low amount, perhaps £1 is more realistic! Depends how much the original debt was for really! x

Tixy

holiday11 wrote: »

Hi can someone please advise me where I stand I today received a letter from a company chasing me for an outstanding debt of 13yrs whats this all about ?? can they do this ??

Anyone have advice:eek:

Assume you mean its 13 years since you last made any payment towards it? Also that there is no CCJ for this debt? Providing those conditions are met then yes it would be statute barred.

If they come back with any response (other than okay we agree its SB) then come back for more advice as some companies have been known to tell [STRIKE]'fibs'[/STRIKE] stinking great lies to make people believe they have to pay.

holiday11

Don't worry I will .. got letter printed off and sending out registered post .. fingers crossed for me .. this is all i need