No contact from creditors - What will happen?

LHM666

Hi everyone, 

First post from me, hope you're all well? I got myself into a financial pickle back in 2011 and since then I've worked hard to get myself straight. I've cleared the majority of my debts and am no longer getting letters chasing me etc, feels great. However, there are a handful of my creditors that have simply disappeared and haven't contacted me for years. I'm not sure how long but it's been years since I've heard from the following creditors:

Smile Bank

Marbles Credit Card (HFC)

Wage Day Advance

Quick Quid (I understand they've gone bust)

PayDay UK

Liquid Advance

Please can anyone shed some light on whether these debts will be written off? 

Thanks in advance!

sourcrates

The question you should be asking is “are my debts statute barred” ?

If there has been 6 years since either your last payment, written acknowledgment and/or the default date, then yes they will be statute barred under sec 5 limitation act 1980.

Any requests for payment should be met with the statute barred letter.

LHM666

sourcrates said:

The question you should be asking is “are my debts statute barred” ?

If there has been 6 years since either your last payment, written acknowledgment and/or the default date, then yes they will be statute barred under sec 5 limitation act 1980.

Any requests for payment should be met with the statute barred letter.

That's great, thanks so much. Having checked my credit file there is no record of any of these debts ever existing and I certainly don't recall receiving any contact them for years. Think I'll just keep quiet and assume they're statute barred. :-)

sourcrates

They only stay on your file for 6 years, so that is a reasonable assumption to make.

If you are contacted at all, then do send the SB letter, as you must inform them of the debts status, otherwise thre may be potential problems.

LHM666

sourcrates said:

They only stay on your file for 6 years, so that is a reasonable assumption to make.

If you are contacted at all, then do send the SB letter, as you must inform them of the debts status, otherwise thre may be potential problems.

Thanks so much. :-)