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Debt Write off


Kevscar1

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I seem to recall reading sometime back that if you don't pay a debt for 6 years it is written off and they can't take you to court. Am I right and if so does anyone know the Act and Section

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alB*

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wiz-king

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Are you getting confused with the HMRC rules that say if the cant find a problem in the last 6 years they cant go back any further?

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onthelimit1

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not according [to this ]1

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carver

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Wrong, I think it relies more on whether or not they can find you.

If no one has tried to contact you about the debt then it becomes unenforceable unless you owe money to the IRS.

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Woolwell

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You are referring to statute barred and the limitations act. But it is not as simple as just being written off. This is an ad site but it does explain the process Money aware. The best advice for those with debt problems is to seek expert advice early eg from Citizen's Advice as those who try to muddle through often end up with even more problems.

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Kevscar1

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Thanks the contract was obtained by the salesman knowingly lying to me and I have always told them that I will not pay this as he committed a criminal offence under the fraud act. Once I have explained it to the debt companies they have refused to handle the matter. Now getting letters from the 5th one. 6 years are up so I will ignore them and see if they go to court thinking I don't know about this

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Woolwell

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Why didn't you get the contract cancelled? Suggest you seek expert advice which we cannot give here without knowing the full circumstances. Just ignoring it is like burying your head in the sand. You are risking bad credit ratings and a CCJ.

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spuds

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Like what's already been stated, don't just hope things will go away, they most likely will not. Get the paperwork together and make an appointment with the CAB or local legal advice centre, if you town provides these services.

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OTT_B

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I'm not sure if this applies in your case, Kevscar1, but 6 years after a debt is defaulted on, it will drop off your credit record whether or not it had been paid. This assumes that it was on your credit record in the first place.

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Kevscar1

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Woolwell I wrote telling them I was cancelling the contract due to the illegal way it was obtained sent it recorded, they never replied, just ignored me. Midgetninja as long as you do not acknowledge the debt in those 6 years and I have explained the circumstances to every deby company saying I have no intention of paying for this reason they cannot take legal action. They can still chase mebut I will just keep refusing

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