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advice please re old debts

bodyguard
Posts: 5 Forumite


First time poster so please be patient with me!!
I have read somewhere that after 6 years a debt is 'written off' - is this correct?
Is it true that companies sell your debt to credit agencys?
Basically, I got myself into debt due to a disfuctional partner who didn't work, I did and had two children who I had to apy childcare for - this was before childcare credit etc and I was paying more than a morgage.
I defaulted on 2 credit cards, catalogues and council tax - I was basically robbing peter to pay paul.
Got rid of the rubbish partner and concentrated on the major debt, ie rent, utilities, and council tax.
I received communication form the companies I owed, but ignored them -frighten to face reality.
I cleared the rent and council tax, still paying back utilities. I am currently 'creditworthy' and can access credit, but I am morgaged to the hilt.
I have started to receive requests for mony from a credit agency, asking for money from differnt companies they say I owe - I can't remember as these debts are very old and will certainly be over 6 years old.
What should I do?? I could possibly afford a few pounds a month, but have two sons at college who can't get EMA so I am finacially responsable for them - they are actively looking work to assit, but I don't want to mess up their education.
Any advice gratefull!
:mad:
I have read somewhere that after 6 years a debt is 'written off' - is this correct?
Is it true that companies sell your debt to credit agencys?
Basically, I got myself into debt due to a disfuctional partner who didn't work, I did and had two children who I had to apy childcare for - this was before childcare credit etc and I was paying more than a morgage.
I defaulted on 2 credit cards, catalogues and council tax - I was basically robbing peter to pay paul.
Got rid of the rubbish partner and concentrated on the major debt, ie rent, utilities, and council tax.
I received communication form the companies I owed, but ignored them -frighten to face reality.
I cleared the rent and council tax, still paying back utilities. I am currently 'creditworthy' and can access credit, but I am morgaged to the hilt.
I have started to receive requests for mony from a credit agency, asking for money from differnt companies they say I owe - I can't remember as these debts are very old and will certainly be over 6 years old.
What should I do?? I could possibly afford a few pounds a month, but have two sons at college who can't get EMA so I am finacially responsable for them - they are actively looking work to assit, but I don't want to mess up their education.
Any advice gratefull!
:mad:
write off old debts 0 votes
are debts absolute after 6 years
0%
0 votes
should you pay credit agenices when debts after 6 years
0%
0 votes
0
Comments
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Hi.
This question would be best asked on the "Debt-Free Wannabe" forum:
Link: Debt-Free Wannabe
Copy the text of your post above, and then post it as a new thread there.
EDIT: Or if the Board Guide comes on-line beforehand, they may move this thread for you.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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