Debt Chasing

jain0_2

Can anyone please tell me if there is a time limit for a company to chase a debt? I have a credit card debt that been sold to a debt collecting agency who are now chasing me for payment but the account was held over some 6 years ago. We have a time limit of 6 years if we want to claim off of a bank or credit card so wondered if it was the same rule for credit card companies?

GeorgeUK

The debt will be statute barred if the last payment you made towards the debt was 6 years ago (5 in Scotland).

Can you tell us what the debt was for?

jain0_2

Thank you for your reply:

It was for Barclaycard that was sold onto Moorcroft who won't stop ringing me!!!!

fermi

A debt will be "Statute Barred" if there has been no acknowledgement of the debt you making a payment or in writing within the relevant limitation period.

If you are in England/Wales then the period is 6 years and you should read:

Link: Factsheet | Liability for Debts and the Limitation Act (England/Wales)

If you are in Scotland then the period is 5 years and you should read:

Link: Factsheet | Liability for debts & the Prescription & Limitation (Scotland) Act 1973

If you feel the debt is "Statute Barred", then there is a letter to write at the end of each factsheet.

GeorgeUK

It may also be worth requesting a copy of the CCA from moorcroft.
http://forums.moneysavingexpert.com/showthread.html?t=578486

stapeley

Please post further details .