Very old debt’s & guidance on how to deal with it? (UK)

Rudolfsmate

Very long story short - 20yrs ago I bought my house and funnelled everything into renovations. After savings dried up I took out loans to finish certain aspects off. Within 9 months I’d had to give up work & eventually lost the house etc.

I was unable to pay the loans (they weren’t secured on the property) & they were handed to debt collection agencies. As I wasn’t working I was able to pay £1pm towards the debt. It was subsequently passed to various collections agencies over the years however has been with the latest for probably between 8-10. 

I’m unable to return to work as I’m a full time carer for my child & have been since having to give up work. Is there anything I can do to resolve this debt?

Thanks in advance.

RAS

When was the last time you paid anything towards each of these debts? 

Do any of them currently appear on your credit records (check all three)?

There's a possibility some are statute barred, there's a possibility your token payments have extended your liability, there's a possibility some could be written off, but without more information, it's difficult to advise.

Rudolfsmate

RAS said:

When was the last time you paid anything towards each of these debts? 

Do any of them currently appear on your credit records (check all three)?

There's a possibility some are statute barred, there's a possibility your token payments have extended your liability, there's a possibility some could be written off, but without more information, it's difficult to advise.

Currently still paying £1 pm to these & have been for 15+ years. Will check my credit file & get back to you. Thanks for responding.

ManyWays

You are renting/ and do you have any current dents that you are paying normally? 

RAS

OK so the debts are live and cannot be statute barred. 

Let us know what the situation is regarding the credit records. 

fatbelly

We need to see the whole picture here

https://www.lemonfool.co.uk/financecalculators/soa.php