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    • 1. who knows... 2. not the whole A/C vanishes from your file on the DN's 6th b'day ...already carefully explain this. 3.yes 4.already carefully explain this.
    • if i remember rightly, long ago in one of the first drafts of the old proposed gov't overhauls, there was a listing of recommended 'charges' that inc wrong reg = £20. some PPC's implemented such changes in advance. then later as it looked increasing likely the new code was never going to be implemented after it's 1st review and another set of codes was to be debated they all quietly revert back .......... dx
    • Potentially it may not even get sold on? Just the default left for 6 years then gone? but if it is sold on ill get a letter from the DCA which is the notice of assignment? Sorry what is the different between a default notice and a default cal marker? yes, i may try and work arrangements out with the OCs after the breathing space but I'll see my circumstances then thank you again for all your help and patience, I really appreciate it and apologies If i am too fast or repeating myself.
    • receiving a default NOTICE (forget simple default cal markers) does not mean it will get sold on... OC's very very rarely do court themselves.  if it does you would receive a Notice of Assignment from the debt buyer/DCA.  as for reduced payment if it remains with the OC and they issue a DN, no harm in trying but lets get all your ducks inline first. dx  
    • okay thanks do you know how long it will take for it to get to the DCA or could the OC try and issue a CCJ? even though it's unlikely also for example would the OC agree to a reduction and a small payment over a super lengthy period of time if agreed? Rather than go through chasing apologies again for all the questions, just trying to understand all the possible scenarios.  
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How long is debt 'valid' for?


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Hi there, i was just wondering how long debt is 'valid' for and how long companies can chase you for it?

 

My wife has a few outstanding debts for non essential things (club book/credit cards) and are all between 4 & 5 years old.

 

She originally tried to set up payment plans with the companies involved but they would only do this for a few months before demanding more than she could pay or the full amount. She was in a position where she couldn't afford to pay these things (or more than she was offering).

 

She was contacted today by a company who've obviously bought the debt from one of the companies and they were saying they'll reposess the house, court proceedings etc. And although we're not overly worried about this as it seems par for the course, realistically we're 12-18 months away from being able to contribute substancial sums toward the debt, but at that point (in my mind) they should have pretty much passed the 6 year mark.

 

Is it right that debts get written off after 6 years, and also, if it is, is it 6 years from the original point where the debt 'happened' or deos the 6 years start all over again if the debt is sold to another company?

 

Many thanks in advance for your help.

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You can check to see whether the debt is enforceable by sending a CCA request to whoever is claiming payment; http://www.consumerforums.com/resources/templates-library/86-debt-collectors/581-cca-request-letter Include a £1 postal order and send recorded delivery. Do not sign the request.

 

When you get them back if you scan them remove identifying details and post them up we'll check them over for you. If they are unenforceable or they fail to provide them within 12 working days from receipt you can legally cease payment.

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