Author Topic: How long can I be chased for a debt?  (Read 23065 times)

Rattler

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How long can I be chased for a debt?
« on: Jun 19, 2007, 06:15:28 PM »
Just a quick question.. How long can a debt collection agency chase you for a debt. My original debt was around £2000 with Barclays and they sold on this debt who never persued it. This was about 10 years ago, and had almost forgotten about it but now I have received a letter from another debt recovery firm who have taken on the debt asking for payment. Can they do that after so long has passed?

Rattler.

jaybus

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  • Posts: 4
Re: How long can I be chased for a debt?
« Reply #1 on: Jun 29, 2007, 12:56:26 PM »
In a word.......YES.

nutjob

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  • Posts: 6
Re: How long can I be chased for a debt?
« Reply #2 on: Aug 14, 2007, 04:04:02 PM »
If you have not acknowledged this debt in 6 years then it is statute barred which means they can not take any legal action to pursue the balance.. From the what you have said, this debt is statute barred and so you dont legally have to pay a penny more...

Have a read through this by National Debtline...

http://www.nationaldebtline.co.uk/england_wales/pdf/25_liability_for_debts_and_the_limitation_act.pdf

happyhappy

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Re: How long can I be chased for a debt?
« Reply #3 on: Jun 26, 2008, 04:18:00 PM »
In most cases it's 6 years (12 for mortgages and land contracts). It's the 1980 Limitation Act that comes into play:
http://www.gregorypennington.com/debt-management-blog/947/1980-limitation-act.asp