Offers to creditors for "unenforceable" debts

National_Debtline

Hi sunshiney


Are you saying that your creditors definitely don't have credit agreements and as a result may not be able to enforce them against you?


I think that it's a little early to think about the debts becoming statute barred. For what it's worth, the six-year clock starts ticking from when the creditor's right to action arises - typically after a missed payment. A default may take a lot longer to materialise, but the clock is already ticking by then.


Determining your next steps depends to a large extent on what your long-term plans are. Are you planning to use your house sale proceeds to buy again? Will you be looking to rent something in the private sector? Or are you looking at being "off the grid" altogether for some time?


In the meantime, do bear in mind that wherever you have your post directed, whether PO Box or a relative's doormat, it can't impact on the address itself, only the addressee i.e. you.


Dennis
@natdebtline