Full and final settlement offers

Willing2Learn

Correct. Though assuming that your creditors have the correct paperwork, they could in theory go the CCJ route for enforcement, which would stop the SB.

System

Willing2Learn wrote: »

Correct. Though assuming that your creditors have the correct paperwork, they could in theory go the CCJ route for enforcement, which would stop the SB.

Yes if they come up with the paperwork, we will sort out an F&F offer. But after hearing nothing from them for all this time and they actually told us the account was on hold, I am not holding my breath...lol

sourcrates

Unenforceable due to lack of credit agreement, and an accounts statute barred status are two separate things entirely.

You have to have stopped paying for a period of 6 years for a debt to become statute barred.

Unenforceable due to lack of credit agreement just means legal action can’t be taken against you.

Most of these debts just get left till they go SB.

System

sourcrates wrote: »

Unenforceable due to lack of credit agreement, and an accounts statute barred status are two separate things entirely.

You have to have stopped paying for a period of 6 years for a debt to become statute barred.

Unenforceable due to lack of credit agreement just means legal action can’t be taken against you.

Most of these debts just get left till they go SB.

Thanks Sourcrates. Yes we have had no contact since we stopped paying, and the account being put on hold was their idea, not ours. So we will just wait and see.