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Nicky05

Hi my partner got into debt years ago before we met. Letters keep appearing asking for money. He doesn't know exactly how much he owes. We have done a credit report with experian and equifax and not all these accounts are showing up. How can we found out how much debt he still owes and who too? Thanks Nicky x

jobdone1

tricky one but after 6 years i belive it becomes statue bared from my understanding how old are we talking for the debts and you say letters keep appearing ????? also your credit report if over six year old debts then any defaults would now be clear ????

Nicky05

He thinks most of his debt is from 8-10 years ago. He has just received a letter for £8000 saying they will half it if he pays now. I'm trying to sort his credit record out as we want to buy a house but this debt isnt showing on file so it will not be affecting his record or will it??? He also just paid £8000 to a diff company but this isn't showing on file that he owed it or that it's been settled. Should he still pay these debts if they aren't on file???? Thanks Nicky x

fermi

Have a look at the info and other links in this one to see it it applies to your circumstances.

----> https://forums.moneysavingexpert.com/discussion/2606811

vax2002

After six years a debt becomes Statute barred and the files are stamped:
Statute barred
Litigant Expired .
This is known as STALE in the money collection business .
These files are then sold to the highest bidder and STALE debt sharks as they are know buy the files often for as little as £25 each and commence a letter campaign to recover the money.
As they can not sue statute barred debts in court as they are easily defended they mount a campaign of harassment in hope the debtor pays anything .
None of the money you pay is ever given to the people you borrowed it from, they insured against default, hence why they did not try to collect it, it's easier to claim the insurance.
So you need to read up and wise up on what constitutes a statute bared debt "6 years since last acknowledgement or payment" and once they become statute barred they stay so.
So some research and the statute barred debts can be safely ignored and letters filed unless they file for a CCJ, then come back for advice on how to defend.

RAS

Hi

Assuming you are in England or Wales, the creditor who has bought the debt for 5p in the £ can ask your OH to pay every penny back even after 6 years.

They can even initiate court proceedings.

Until such time as OH tells them that he is not going to pay. As he is not required to pay a penny and can defend any court case simply by requiring to the Statute of Limitations.

After that, if they contact him, they are breaking the rules and need referring to the OFT.

paulmapp8306

Indeed. They can ask as often as they like but if you dont have to pay - say so quoting that its statute barred.

Incidentally though - its NOT 6 years from the debt - its 6 years since the debt was last acknowledged. That could be from the last payment, of a letter relevant to the debt where ownership is implied. Make sure it IS statute barred before you mention it - if the 6 years arnt up (maybe he send a letter 5 years and 1-0 months ago for instance) and you put it in writing that it was your debt but its SBd - that is acknowledgment and would restat the 6 years if it hadnt quite reached that point.

A lot of companies buy old debts that only have a couple of months left (as well as those already expired) and go headlng to try and get it back.

Personally id just ignore the letters intil your certain of dates (though if there not on your Credit file there almost certainly SBd) then sent a standard response, saying the debt is SBd - please dont contact me again.

Nicky05

Thanks very much for all your help I'm just going to ignore them for the time being so I can make sure they are statute barred x