is it true that some debts are written off after a certain length of time?

RAS

Gordon_Hose wrote: »

Debt is never written off. It will always exist, but after 6 years (5 in Scotland) from the last payment or written acknowledgement it will become Statute Barred and they can't enforce it through the courts.

In Scotland the debt is written off. In England and Wales merely rendered unenforceable.

Gordon_Hose

Cheers for clearing that up

Squidge2009

thanks for the helpful, kind responses

posted this on another board as well and got pages and pages of vile comments

so thanks again x

eyeopener2

ampafc wrote: »

You should make some sort of an effort to pay what you owe.

Try to be responsioble by offering a monthly payment plan or something like that.[/Q

The original creditor will have long since sold this one ( I would hazard a guess at), so all supposed moral obligations (whatever they maybe) have gone out of the window if our lovely cuddly debt Collecting scumbags are involved. Probably bought for a pittance as well.

If you can get past the statute barred timescale by ignoring them, you go for it.

Only pay back what you are legally obliged to. However if you feel you have some misguided moral responsibility to pay it back, then fair enough, but don't take any notice of other peoples morality where money is concerned.

Squidge2009

thanks eye opener

interesting that you say this ..."However if you feel you have some misguided moral responsibility to pay it back, then fair enough, but don't take any notice of other peoples morality where money is concerned"

....how do you mean?

shedhead55

It is my belief that while the debt may disappear from your credit file after 6 years it has not actually gone away as long as the creditor has made an attempt to collect it during that time. Sending a letter to a last known address probably counts as a collection attempt, even if no actual contact was made.