Default dropped off but still paying debt off

paddyposh

dranzer01 wrote: »

so you guys are saying when 6 years passes and the default comes off your file - you still have to pay that debt?

is that what you guys are saying?

I think most people thought if you have a debt and dont pay it/default on it then a default appears on your credit file, that is effectively a punishment because you didnt pay your monthly payments on the debt - now it sounds like, it wouldnt matter

so its a punishment for 6 years + you still have to pay the debt in some way shape or form......

Yes you do, otherwise they could CCJ you.

Westminster

Unless .... you have made no payment (or acknowledged the debt in any way) in the last 6 years, in which case it becomes statute barred and is unenforceable

robber2

Westminster wrote: »

Unless .... you have made no payment (or acknowledged the debt in any way) in the last 6 years, in which case it becomes statute barred and is unenforceable

............................................but still owed

Arleen

robber2 wrote: »

............................................but still owed

Indeed.

The approach of "you won't get your money back unless you will stuff your hand down my throat" is the very core reason of why interest rates are going sky high and people who trully need credit cannot get it.