Debt repayment advice

Spoons

Hi All and thanks for listening,

I have been sent a formal demand letter from aktiv kaptial of £1308 for an old barclays debt and have been offered a deal of clearing the debt for £654 if i pay it off within the next 7 days and i dont have a clue what to do i find it all so scary!

I went over my overdraft 6 years ago and the balance was never paid and the penalty payments have mounted up. This week was the first time id heard from anyone in that time and i had forgotten all about it.

Could anyone please advise me on if i should take up the offer, pay the full amount off month by month or go down any other roots available to me?

Any advise is greatly received

Tracey

Taloola78

I think debts from that long ago are possibly time barred, is this the first you have heard from them in 6 years? If it were me I would write back and ask them for proof of this debt as they are unlikely to have it. And if they dont have it then they cant make you pay it.
Paying only half of it off too isnt gonna get rid of it as it will possibly only come up on your credit file as part settled, thus still leaving you a black mark on your credit file.

Spoons

Thank you for your advice. ill look into what you mentioned and see where i stand.

sandralovescats

Yes, statute barred!

CLAPTON

read this about the statute of limitation..page down to the bottom and use the sample letter.

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=25_liability_for_debts_and_the_limitation_act

less2303

Under the Statute of Limitaions Act 1980 the ONLY things that keeps a debt alive to the extent that it can be taken to court are:

1. You have acknowledged the debt in writing in the last 6 years.
2. You have serviced the debt in the last 6 years, by making a payment towards it.

Under law if you have NOT done either of these then the debt is unenforcable.