Basically barclaycard are chasding me for £700. I wont go into details but the debt is now over 6 years old. I have had no dealings with the account what so ever (IE no payments made - allegedly and no spending done, also no interest acrued).

I am getting threatening letters from a debt collectors about this but due to the Limitation Act I belelive that after 6 years I am not legally responsible for this debt.

Can someone confirm on this?

ta

Simon

 

Dont think the limitation act fully applies to private companies in that way.

Its their money, and you agreed to a certain arrangement when you signed up to the account. If your not complying with that arrangement then they can persue you down that avenue.

Was talking to a solicitor the other day about some money my girlfriend owes and she said that private companies can literately dictate their own tearms on when and how you pay any money you owe because you have pre signed agreement.

 

http://www.swarb.co.uk/acts/1980LimitationAct.shtml

Check out point 5. I think a credit agrement refers to that

 

Wicked. According to this I dont have to pay it! phew!

http://www.clear-your-debt.co.uk/lim...n-act-1980.htm

They also have a letter template there too!

 

so does this mean we can all turn a blind eye for 6 years and fuck them all off

 

technically yeah!

But they may well take you to court before then though!

 

Whoa there chaps...............ain't as easy as that...............

Barclaycard have sold the debt on, and the company they've sold it on to will chase, and chase, and chase..........don't be nieve enough to think that after 6 years it goes away because it doesn't.

All it does it gets removed from your credit file. If you owe, you owe and debt companies never ever give up. Unless you die.

 

My case meets all the requirments of Section 5 of the limitation act.

I'll send em a letter and see what happens.

 

Give it a go................but bet you won't walk from it.

 

I'll keep you posted.

 

Yeah let me know - interested to see what they say actually !!!

 

just pay your debts!! otherwise you'll have a hell of a job to get credit in the future....

 

what makes you think you aint got to pay your debts then?

 

The law is very complex with this - there's alot to it. Depends on alot of circumstances................

 

they still chasing this then Si!

 

This is what I'm thinking...

 

yeah I'll get a letter off to them tomorrow.

 

6 year is from date of registering on your credit file,,,,,,,, after 6 years its off and they cant chase with legal stuff for it


just avoid em and after a while they take the hint and give up

they cant do anything else but ask

 

I thought that they couldn't chase for card debts after 4 years tbh. Keep us posted dude.