Debt is more than 6 years old

nrishiraj

can a company demand payment if debt is more than 6 years old?

bexterwho

You are referring to the Statute Barred Limitation (I think that's what its called) As I understand it, a debt only becomes statute barred and therefore unenforceable if there has been no contact for 6 years. This means that you have made no contact and no debits for 6 years and they have not contacted you for 6 years. It becomes statute barred 6 years after the last contact or payment. For mortgages etc I believe its 12 years. I'm sure an expert will be along to confirm shortly.

THE_LONE_RANGER_4

statued bar is they cant get you in to court for it, but they can still ask you for it its up to you if you wish to pay .
If it is 6 years in general it will not be the original creditor but some debt buying carpet bagger trying to make a quick buck dont bother filling his wallet

fatbelly

It's to do with acknowledgement of the debt, rather than contact (subtle but important difference).

You can read more here and there's a useful standard letter.

The creditor should cease to pursue you once you have sent the letter. Until then, it is legal for them to do so, but the debt cannot be enforced in court.