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 http://www.consumeractiongroup.co.uk...r-trading.html

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.

	Statute barred In principle, a debt cannot be enforced after 6 years from the date upon which it became due. The 6 years runs from the last time that the debt was acknowledged in any way or from the last time that a payment was made towards the debt. Once a debt has lapsed, it cannot be revived - even through a subsequent acknowledgement or payment. The relevant law is contained within the Limitation Act 1980.

	Consumer Protection from Unfair Trading Regs 2008 Follow this link to our CPUT entry in the library. Using CPUT you can complain to Trading Standards about Unfair Commercial Practices. Complaining under CPUT is easy to do. It costs no money and carries no risk. However, you may also need to bring your own direct action to produce a solution to your own problem or to get compensation.

	Debt collection library Follow this link to our debt collection library. This library contains templates and advice for dealing with debt collectors who act oppressively or unfairly. This library is work in progress and will be built up over the next few weeks. 17.03.09

[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.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[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

	Credit Report Click link to open in new window.