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Help and advice needed - DCA

Burrows2
Posts: 3 Newbie
Hi
I have recently been getting calls from a debt collection company (BTW, or BTC) and haven't answered. I checked my credit report and have seen a default for activ capital for £503 dating back to 2011. My question is this do I answer? What do I say? I am a student and already live on the bare minimum. I have no family to borrow the money from. If I pay does the default stay for another 6/7 years? If I don't pay or answer for next 3/4 years does it become statute barred and drop off my credit report if so it seems stupid to answer or pay.. Or will they enforce a CCJ.. It's obvious they don't have my address but have my mobile number. I'm confused by misinformation and just want to do the best/right thing.
I have recently been getting calls from a debt collection company (BTW, or BTC) and haven't answered. I checked my credit report and have seen a default for activ capital for £503 dating back to 2011. My question is this do I answer? What do I say? I am a student and already live on the bare minimum. I have no family to borrow the money from. If I pay does the default stay for another 6/7 years? If I don't pay or answer for next 3/4 years does it become statute barred and drop off my credit report if so it seems stupid to answer or pay.. Or will they enforce a CCJ.. It's obvious they don't have my address but have my mobile number. I'm confused by misinformation and just want to do the best/right thing.
0
Comments
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If I pay does the default stay for another 6/7 years?
No. The default remains on the file, for 6 years from the date it was applied, whether you pay or not.If I don't pay or answer for next 3/4 years does it become statute barred and drop off my credit report
It becomes Statute Barred, 6 years from the date you last made a payment, or acknowledge it in writing, PROVIDED no CCJ is granted in the meantime.Or will they enforce a CCJ.
That, I cannot answer, and nor can anyone else.0
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