how to deal with 10 year old debt 9 January 2015 at 4:25PM in Debt-free wannabe challenges 2 replies 809 views

brez22

hi, i would be gratefull for any advice. i am on long term esa support group benefit, i have five defaults that i am paying off at between £5 and £10 per month, they range from £400 to £7000 owing so i know i will be paying them for ever, the agencies i pay are happy with my payments and i am up to date. my problem now is that i received a letter yesterday from MK recoveries telling me i owe £2777 for a hire purchase i had over ten years ago, i have not payed or had any contact until now. MK recoveries allready handle one of the debts that i currently pay so i dont know if this makes any differance. i dont know how or if i should respond, is the debt still valid after all this time, what do i tell them if they phone me regarding this debt. any help please. sorry about spellings and thank you in advance for your advice

rockm87

Have you check your online credit report? Maybe getting together all details of your debt, and creating a budget on how you are paying them off will be helpful?

If you post a statement of affairs on here, there are lots of people with good advice.

Why are you paying so little on your debts? You need to be in a position to pay more, so sorting yourself our will help.

Dont resign to the fact you will just be paying out forever!!

brez22

thanks for your reply. i only get £224 per fortnight as i cant work due to disability, i juggle money around to pay what i am paying. i just wanted to know about old debts