6 year old debt question

col3k2000

Am i right in believing that once a debt is 6 years old it goes away so to speak?

I don't know if this counts for me. I have a student account I opened when I was 18 at the abbey, and got a £1000 overdraft, this Sept it will be 6 years since I used the account, so what does this mean.

It is registered at a previous address, I have moved twice since, I tried registering at my last address but they werent having none of it so never bothered since moving most recently.

Thanks in advance

Crown

Hi, After six years the Debt doesnt "go away" but can become statute barred.
What this means is if the creditors have not tried to contact you in this time then you are not legally obliged to repay the debt.

This doesnt mean that they cannot request payment though as morally you still owe the money. Also if you have just avoided the creditors for 6 years then again this doesnt apply as all they have to show is that they sent letters to the last known address.

Can I ask what you mean by you tried registering but they werent having any off it? Do you mean you tried informing them of your new address?

col3k2000

yes sorry, i tried at my previous address 2 years ago to let them know my new details but they wrote me a letter saying I would need to go to the branch and change it.

I cant afford to pay it in full but am happy to pay it, what would be my best course of action? To write offering some kind of deal?