My biggest debt was statute-barred yesterday...

Muhren

sourcrates wrote: »

I take your point about the credit rating aspect, but that argument aside for a moment,

Would you pay back a statute barred debt ?

If you were struggling to make ends meet ?,

Or would you take any bit of good luck you could, honest answer please.....................

Would it be my priority, no it wouldn't. Would I pay it back over time, yes I absolutely would.

As you can see my debt was quite large at it's highest, much like yours was and I am going to pay back every penny.

rizla_king

Was this sold to debt collectors?

heartbreak_star

rizla_king wrote: »

Was this sold to debt collectors?

Yes. It was with them for six years and dropped off my credit file.

HBS x

rizla_king

If sold to debt collectors then it would have been for a small %.

Any money you paid then would have lined their pockets and would not have been seen by the original creditor. They got all they money they were ever going to get back on the original loan from the sale to the DCA.

So moral obligation to pay a scumbag DCA trying to profit from buying and old debt cheap? Not the slightest. In fact probably more moral not to paying these vultures.