Old Loan - Debt co wrote to me...

Fruball

Help !

I got a letter this morning from a debt company who are tracing a debt (which I had genuinely forgotten about) from a previous address some 7 years ago. :eek: :eek: :eek:

The original debt was taken out when roughly 12 years ago (maybe more) and I was paying back small amounts until I moved out of the previous address approx 7 years ago.

I kept the same correspondence address for the last 7 years and they say that they could not find me - I am sure it would not have been difficult. I have not been hiding and have had 2 mortgages, a car loan and various c cards since then so not exactly invisible on the financial front.

My credit history has been unblemished for quite a few years now as I am so careful with what little money I have. I have paid off ALL my cards and loans now

Anyway, someone on another website mentioned that they cannot pursue the debt if they have not been in touch for 6+ years.

Is this true ?

Also, can they charge me interest for all this time ? They say they will freeze the interest once I begin making payments.

The thing is, I don't want to pay. Or at the very least, I don't want to pay the last 7 years of interest as I feel they have not made reasonable effort to find me in the same town only a mile from the previous address.

What can I do ?

Sorry this is long winded but wanted to post enough info to help with any responses.

Thanks for taking the time to read this

ps - the debt is for around 2k

nomoneytoday

After 6 years with no contact the loan is null and void

chilli_dog

after 6 years the debt is statute barred, cant be enforced to pay, you can if you want though!!

inmypocketnottheirs

Just ignore these chancers and return mail 'gone away'. They can not do a thing, and they know it.

shopaholic2

Can i just ask? would this show up as a blemish on the persons credit history?
My Oh is going thru a very similar thing, loan, well, credit card debt, from 10 years ago, no contact for years, altho we havent hidden, will non payment, and sending back mail marked "gone away" affect the credit file, and make other creditors think also that you have "gone away"?

Thanks for help

Tootsie_Roll

Frugal wrote: »

The thing is, I don't want to pay. Or at the very least, I don't want to pay the last 7 years of interest as I feel they have not made reasonable effort to find me in the same town only a mile from the previous address.

It is entirely possible that the debt is statute barred now if no contact and payment has been made in the last 7 years. Have you checked to see if they have obtained a CCJ though in which case the statute does not apply and you will be liable to repay.

Your comment above however really sums up your appalling attitude - you left your previous address without informing them of your new address yet it is their fault for not chasing you - stinks.

Fruball

Tootsie_Roll wrote: »

Your comment above however really sums up your appalling attitude - you left your previous address without informing them of your new address yet it is their fault for not chasing you - stinks.

I was not asking for comments on my 'attitude' and since you have no idea of my situation regarding this money then I would ask that you keep your personal insults to yourself.

There are very good reasons why I do not feel I owe this money anymore. None of which I feel like posting here.

I certainly did not post here to be insulted.

Tootsie_Roll

Come on a public website and make comments like you have then you have to expect people to make judgements about you.

Frugal wrote: »

I have not been hiding and have had 2 mortgages, a car loan and various c cards since then so not exactly invisible on the financial front.

But you decided not to pay back money you already owed - why not ?

Frugal wrote: »

My credit history has been unblemished for quite a few years now as I am so careful with what little money I have. I have paid off ALL my cards and loans now

Clearly not all you owed else you would not be getting chased now.

Fruball

I do not appreciate being insulted by someone who assumes things and knows only a few facts of my situation.

You clearly would prefer to argue and insult, rather than to offer constructive advice or cristicm, as demonstrated by this and some of your previous posts.

I understand that people like you sadly do exist but I have learned not to be riled by your sort.

Feel free to respond in any unimaginative way you feel is justified but I shall not be responding to you again.

ohmsoft

As mentioned above you may find that they have issued a CCJ which if they weren't aware you had moved would have been registered against your previous address - although is this is the case i would be supprised that you haven't had any difficulty in getting further credit. If there is an unsatified CCJ it would be worth repaying.

Otherwise no over 6 years with no attempt to contact you i beleive = no amount outstanding.

Fruball

Thank you everyone for your helpful replies.

How can I find out if there is a CCJ registered ?

and
Can they register a CCJ now, or is it too late ?

Many thanks I appreciate it