5year old debt....statute barred?....checking credit rating?

wrkactjob

http://www.trustonline.org.uk/search-yourself

Do the above, wait until your 6 years are up then pay each of the three CRA's a £2 postal order to get your current credit reports. Ensure you are on the electoral role if your considering further credit in the future.

weeny64

I've sat down with my friend to try and work it out and I'm pretty sure that the last time I wrote to any of the or had any type of contact,was around july 2008,so the 6years is actually a little sooner than I though.

I'm tempted to wait until around August,the do what you've all advised and see if they are barred,and if not what CCJ's there are?

If they do still want me to pay,I'm still in no position to pay lump sums as I was a carer for a family member since just recently,so now I dont work and have a baby on the way! So maybe I might as well take the risl of waiting it out.

Can I ask,what does statute barred actually mean?? Do they come off your credit file,or can they xarry on pestering you for it?
Thanks for all advice

[Deleted User]

Statute Barred means they can no longer be pursued through the courts.

Yes they do come off your credit file, but not as a result of the SB.

They can keep on pestering you for the money. They just can't pursue you for it through the courts.

NB. It's different in Scotland, but as you aren't in Scotland, it doesn't affect you.

happy_bunny_2

weeny64 wrote: »

I've sat down with my friend to try and work it out and I'm pretty sure that the last time I wrote to any of the or had any type of contact,was around july 2008,so the 6years is actually a little sooner than I though.

I'm tempted to wait until around August,the do what you've all advised and see if they are barred,and if not what CCJ's there are?

If they do still want me to pay,I'm still in no position to pay lump sums as I was a carer for a family member since just recently,so now I dont work and have a baby on the way! So maybe I might as well take the risl of waiting it out.

Can I ask,what does statute barred actually mean?? Do they come off your credit file,or can they xarry on pestering you for it?
Thanks for all advice

I would wait then. Worth still checking trust online as that won't flag you to DCAs as far as I know as its a publicly searchable database. If any have a CCJ they will not be statute barred ever. Worth knowing.

Statute barred means the debt still exists but they can't enforce in court, if defended. They should leave you alone if you tell them you are not paying (as per OFT guidelines (now defunct) but the FCA ought to be similar).

The date accounts fall off your credit file and statute barred dates are not linked.

Mrs_Constant_Worry

Weeny64 I do wish you luck getting a plan in action. I can understand the worry e.g. do you alert people you owe money to, etc as you are so near to possible debt being written off. What is the best way to go about it, etc. I need to help my son sort things out when he can actually take those first steps.


It seems a minefield but hopefully all the good advice that is on here will help. I am going to start a new thread in the hope that someone can support me.

[Deleted User]

Mrs_Constant_Worry wrote: »

as you are so near to possible debt being written off.

The OP's debt won't be written off, just because it becomes Statute Barred.

Mrs_Constant_Worry

Sorry - all these abbreviations, meanings, etc. I am getting confused.

I feel so sorry for people who circumstances have changed suddenly and things have got so difficult.

bdavies

Sorry to jump in here but my daughter is being chased for old debts, probably six years old or older. She contacted the last company to offer them a settlement figure which I was going to lend her but they told her that they had sold her debts on. She has now heard that a company called B M Legal is pursuing her and they told her ex-husband that they plan to make her bankrupt. Can they do this? Should she contact them and make the same offer to them. She does eventually want to buy a house so doesn't want any court charges or bankruptcy on her financial records.

happy_bunny_2

bdavies wrote: »

Sorry to jump in here but my daughter is being chased for old debts, probably six years old or older. She contacted the last company to offer them a settlement figure which I was going to lend her but they told her that they had sold her debts on. She has now heard that a company called B M Legal is pursuing her and they told her ex-husband that they plan to make her bankrupt. Can they do this? Should she contact them and make the same offer to them. She does eventually want to buy a house so doesn't want any court charges or bankruptcy on her financial records.

Best give national debtline a call. They will advise.

National_Debtline

bdavies wrote: »

Sorry to jump in here but my daughter is being chased for old debts, probably six years old or older. She contacted the last company to offer them a settlement figure which I was going to lend her but they told her that they had sold her debts on. She has now heard that a company called B M Legal is pursuing her and they told her ex-husband that they plan to make her bankrupt. Can they do this? Should she contact them and make the same offer to them. She does eventually want to buy a house so doesn't want any court charges or bankruptcy on her financial records.

Hello there,

Dased upon what you've written it sounds like the threat of bankruptcy towards your daughter is likely to be just a scare tactic - however things like this should always be treated as if they mean it. If the debt is statute barred your daughter will be able to oppose any bankruptcy action.

Do get your daughter to give us a ring, alternatively they could contact us via our webchat facility: http://178.251.239.87/webchatasp

Very best wishes,

David @natdebtline