can a debt be wiped in no contact in 3 years?

mattyj79

hello, i have a debt with a major credit card company, the debt was getting the better of me as i had many other debts,
in the end i took the hit and set up a reduced payment plan, this i was told put a bad score on my credit file for 6 years, the reduced plan was in place however they never asked my for the payments and have not done so for a year now, i know that being on that plan all charges and intrest was stopped and my file was in the hands of there specialist team that deals with reduced payment plans, so im guessing that the file is not monitored hence no letters or phone calls, even though ive not paid a years worth (12 payments) at the agreed reduced amount.
if i continue to let them not contact me and vise versa in 3 years will the debt be written off or is there anything i can do to get them to write it off.
i know morally i should pay but i think they have had enough money out of me over the years so a little in my favor wouldnt go a miss lol.

Tixy

Debts are not written off.

If you are in England/Wales then after 6years of you not paying anything or writing to them to acknowledge that you owe the money and assuming they have taken you to court to get a CCJ against you then the debt would become statute barred. (if you are in scotland its slightly different).
This would mean that you do not have to pay the amount owed and that if after that time you tell them you do not intend to pay then they must stop hassling you.

But if you have only missed 12 payments then in all likelihood you will be contacted and harrassed into paying long before the 6years are up.
If you haven't kept up with your agreed reduced repayments then its quite possible that they are charging you interest again on this debt.

Most likely case is that over the next few months they will sell the debt on to a third party debt collector for them to chase you.
How likely it is that either the creditor or a debt collector would take you to court within 6years from your last payment depends on a variety of things, particularly how much it is you owe.