son's debt

mingbop

My son took out a loan 11 years ago to buy a bike. Recently he applied for , and got, a new loan, for another bike. Since then I have been getting threatening letters from a debt firm saying he still owes £2000 from that first loan. What should I do about them ? He doesn't live here now, my husband is 60 and due to stop work soon, & I am on IB.
And brilliant site, by the way. Being on benefit teaches you to make a teabag last a fortnight ...:D

Phoenix79_2

Have you spoken to your son about it?

mingbop

not yet havent seen him. Just wondering if they can make him pay it after 11 years, sorry I should have said that eh ! lol

jonesMUFCforever

It depends at what date your son admitted liability.
If it is more than 6 years he is no longer liable to pay the debt.
I would return the letter to the company stating that he does not live at this address and they are not to write (or phone) you again.
It's your son's problem not yours.

mingbop

ok, thanks for that. I knew it was a certain amount of years, but not the actual number. My husband would have a third HA if he found out !

Mr._Bish

If they have not contacted him in the last 7 years then the debt is uninforcable

BWZN93

It is a little more technical than has been mentioned, and I have discussed the issue at length on MSE in the past. It would be worth looking at this thread : http://forums.moneysavingexpert.com/showthread.html?t=73675&highlight=6+years

and this article (it has a US bias but taken in context it is quite relevant) : http://articles.moneycentral.msn.com/SavingandDebt/ManageDebt/ZombieDebtCollectorsDigUpYourOldMistakes.aspx

Jo x