23 year old credit card debt

andju6290

23 years ago life was in crisis. I built up lot of credit debt which couldn't pay. Made agreement with bank to repay 2£ week which I can't recall I ever paid. I co-owned a house at time in negative equity and I signed an agreement with the bank that in the events of selling the house I would repay however I was not in the position to deal with all this and signed the whole house legally over to my co-owner therefore the bank never got anything. 
I moved house 23 years ago and and have never received anything from them since and I've had numerous credit cards and a mortgage since. 

So my question is is whether they could pursue this from me now. And if I were to apply to that particular bank for a credit card or account would they still have this on record after all these years. ?

I am a little unclear as to where this stands in regards to the statues limitation law. 
I would be most grateful for any advice people can give on this issue. 

[Deleted User]

If you've not acknowledged it in 6 years, and they don't have a CCJ, it will be statute barred.

However, some lenders may still have a record of your previous interactions with them 

andju6290

I've never seen a ccj. And passed credit check for mortgage 7 years after . 
 

sourcrates

I think even lenders own records would struggle to stretch back 23 years.

As above, the debt was statute barred a very long time ago, the limitation act see`s too it, that we are not punished forever for our past mistakes, its likely you will never hear about it again.

Occasionally records are kept that long, but it depends on luck to a great extent, some clerk cleaning out the files room for instance, but for the most part, I would say you`d be OK on this one.

andju6290

sourcrates said:

I think even lenders own records would struggle to stretch back 23 years.

As above, the debt was statute barred a very long time ago, the limitation act see`s too it, that we are not punished forever for our past mistakes, its likely you will never hear about it again.

Occasionally records are kept that long, but it depends on luck to a great extent, some clerk cleaning out the files room for instance, but for the most part, I would say you`d be OK on this one.

Thanks. What about applying for a 0% balance transfer with that bank . Would that trigger anything off like a search ? 

sourcrates

andju6290 said:

sourcrates said:

I think even lenders own records would struggle to stretch back 23 years.

As above, the debt was statute barred a very long time ago, the limitation act see`s too it, that we are not punished forever for our past mistakes, its likely you will never hear about it again.

Occasionally records are kept that long, but it depends on luck to a great extent, some clerk cleaning out the files room for instance, but for the most part, I would say you`d be OK on this one.

Thanks. What about applying for a 0% balance transfer with that bank . Would that trigger anything off like a search ? 

Ex Bankrupts can get new borrowing with old creditors after 6 years have passed, you are way overthinking this my friend.

MovingForwards

6 year limitation with normal debts eg credit cards, loans etc.

12 year limitation with mortgages.

They've not pursued you, it's history and you can put it behind you.

andju6290

sourcrates said:

andju6290 said:

sourcrates said:

I think even lenders own records would struggle to stretch back 23 years.

As above, the debt was statute barred a very long time ago, the limitation act see`s too it, that we are not punished forever for our past mistakes, its likely you will never hear about it again.

Occasionally records are kept that long, but it depends on luck to a great extent, some clerk cleaning out the files room for instance, but for the most part, I would say you`d be OK on this one.

Thanks. What about applying for a 0% balance transfer with that bank . Would that trigger anything off like a search ? 

Ex Bankrupts can get new borrowing with old creditors after 6 years have passed, you are way overthinking this my friend.

Thanks you are clearly picking up on my neurotic anxiety. ! Appreciate the advice

[Deleted User]

Just remember internal black lists exist.

They will almost certainly not pursue you for the old debt but equally are within their rights to refuse to provide service to you for your previous actions