Defaulted current account on my CR

starstreaker

Sometime around 2009 I was financially over-extended whilst I lost my job. I couldnt afford to meet my monthly commitments and defaulted on numerous accounts.

Fast forward to today, where I have done my best to come good and settled all bar one of my accounts. I earn half what I used to so was not easy.

My final defaulted account is a current account, which according to my CR was defaulted on 17 may '10.

My question is - Is this statute barred by the 6 year limit after that date? I am unsure as it also has an overdraft.

Thanks in advance.

s

National_Debtline

Hi

With an overdraft debt the time limit for being statute barred starts running from when it was originally called in and you were asked to repay it. There’s a good chance this was around the time they put the default on your credit file.

If 6 years pass (5 years in Scotland) without you making a payment, acknowledging it in writing and if the creditor doesn’t get a CCJ it will be statute barred.

James
@natdebtline