15yr Old account & debt found through credit check!!!

BP2014

thanks

I don't believe it is as there is currently no default on this debt, not having exceeded the limit

Think I will just write and try and negotiate a middle ground

thanks all for your help

Voyager2002

BP2014 wrote: »

thanks

I don't believe it is as there is currently no default on this debt, not having exceeded the limit

Think I will just write and try and negotiate a middle ground

thanks all for your help

Be very careful in what you say... if you acknowledge the debt (agree that it is yours in any way) then it is no longer statute-barred.

You could simply write asking them to remove this account from your credit report on the basis that asked them to close it and they indicated that they had done so and have not contacted you ever since. Given that you asked them to close the account, you could reasonably expect that if they were unable to do so (eg because of an unexpected transaction) they would have written to you within the three month period when your mail was being redirected.

Angry_Bear

BP2014 wrote: »

I don't believe it is as there is currently no default on this debt, not having exceeded the limit

Statute barring isn't related to defaults (it's just coincedence that both have a 6-year limit). If you haven't had contact with them for over 6 years (5 in Scotland) then a debt would normally be statute barred (see below). You might want to agree a settlement anyway for peace of mind, but knowing that it was statute barred would put you in a good negotiating position.

Voyager2002 wrote: »

Be very careful in what you say... if you acknowledge the debt (agree that it is yours in any way) then it is no longer statute-barred.

This isn't quite correct. Once something has become statute barred, it can't be "un-barred". So if there is a 6-year period without acknowledgement causing a debt to be statute barred then later acknowledgement wouldn't make a difference.

However: Overdrafts (and secured debts) have different rules to other debts (for example, they've not covered by a CCA), so you might want to call a specialist like National Debt Line to find out the exact status.