help £1000 bank charges on account never used

emilyrachel

yesterday i receive a letter from a fianace company saying they had bought my debt of £1016 from tsb bank, when i phoned to enquire they said it was from an account i had 10 years ago, as far as i can remember i never used this account, had no overdraft on it or switch card, i have never recieved any correspondece from the bank to say i was due any money, the bank wont deal with my enquiry as its been bought by a fiance company. they have put an enquiry on it, but im worried that if it is due to charges, i would be liabil to pay it back.
anyone with any advice PLEASE

Waspeze

If you haven't acknowledged the debt then if its over 6 years I think it becomes statute barred so you are not liable for anything..

I'll see if I can find a letter to send for you.

Waspeze

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=25_liability_for_debts_and_the_limitation_act

There's a template letter at the end of this if you think it applies to you?

emilyrachel

Waspeze wrote: »

If you haven't acknowledged the debt then if its over 6 years I think it becomes statute barred so you are not liable for anything..

I'll see if I can find a letter to send for you.

thank you so much, just phoned the fianace company to see what was happening, the stated it was an account from 12 years ago, i then told them that i beleive i was not liable for the debt as it is over 6 years old that it is statute barred, she said this is correct, but i SHOULD still make payment, i asked if i did not make payment, could it procced to court, she said it would not. (thats all i needed to know) she said they'll be in touch.

Again thank you, its a weight off my mind :T

Waspeze

No problem, glad to have helped

If you have any more problems with the finance company/DCA it might be worth posting on the debt free wannabee board as there are lots of people there who've had dealing with these sort of companies!