Have you received threatening demands for debts older than 6 years?

[BankFodder]

Have you received threats of legal action in respect of debts older than 6 years?

Although if you are in debt, you will continue to owe the money until it is paid off, after 6 years the debt is probably statute barred which means that the creditor will have lost his right to sue for the money.

Despite this, debt collectors frequently rely on people's ignorance of the law or their fear by making threats of legal action to recover debts even though these threats are unenforceable.

The making of such a threat is dishonest.

Now, the new CPUT Regulations 2008 (Consumer Protection from Unfair Trading Regulations) may make such unprofessional behaviour unlawful.

If you have received such threats, you should not respond to the debt collector but you should write a letter of complaint to the OFT who are obliged to investigate your complaint and to take enforcement action of some kind if they agree with you.

See the new explanatory notes on the 2008 CPUT regs at The Consumer Protection from Unfair Trading Regulations 2008 - draft

Please do let us know if you are taking any action under CPUT as we would like to keep ourselves updated on how useful it is.

[sosumi]

Just read Page 3 - please folks read Page 3! Many thanks BF

[dc240969]

What if the company has sued in the past. And the debt is paid but contractural interest is still remaining. l havent gotten all the figures yet but lm in this position.

[postggj]

i believe you can only get a ccj once for an account
once a ccj has been awarded thats it, end of story

if the account has not been paid after six years when the ccj will drop of your credit file the finance company would have to go back to court to ask a judge.
they would need a very good reason.

my opinion is they are useing scare tacticts.

like i said my opinion, some one else will confirm or correct me if wrong