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Credit Card with Company who have Statute Barred Debt?
Comments
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Yes it can, because the 6 year time limit for debts to become Statute Barred may be reset upon acknowledgement of the debt.
I suggest you research before agreeing with wrong advice. Once the debt is stat barred nothing would UN bar it. If 6 years has passed what happens after that makes no difference. Not even making a payment....
In fact I have made it easy for you the information is right here on these forums https://forums.moneysavingexpert.com/discussion/2606811
Look at post 60 -
matmidgley wrote: »I suggest you research before agreeing with wrong advice. Once the debt is stat barred nothing would UN bar it. If 6 years has passed what happens after that makes no difference. Not even making a payment....
In fact I have made it easy for you the information is right here on these forums https://forums.moneysavingexpert.com/discussion/2606811
Look at post 60 -
Sorry but you are quite wrong. If a debtor acknowledges a debt that has become statute starred to the lender then the clock starts running again. It is you that should check your facts.
...
The Limitation Act 1980 clearly states:
"a right of action, once barred by this Act, shall not be revived by any subsequent acknowledgment or payment"
need I say more0
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