Six year Law

[adelehayley]

A loan was taken out by a relative of mine ten years ago within this time the family home was repossed and all house members were homeless but provided postal addresses for any correspondence from other debtors. Six years have passed and a debt of �3 k has reared its ugly head!! threatening court proceedings. No contact has been made in this time. Am i right to think this should of been write off by company by now?? Any boffins out there??

[innocenti]

You are correct. As long as you have not admitted the debt in writing within 6 years and a CCJ hasnt been obtained then the debt is unenforcable. The creditors can still chase you for the debt but they cannot go through the courts and apply for a CCJ.

There are many templates on the net for sending the creditor a Statute Barred letter. Like I said, you cannot stop them from chasing you for debt but they cannot take you to court to pursue it.

As for being "written off", they will still chance their arm and hope you pay up not realising the statute barred law.