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Statue Barred Confusion


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Hello,

 

I'm confused about the criteria of Statue Barred Debts, specifically if a Creditor writes to the Debtor.

 

For instance if an alleged debt is over six years old BUT the Creditor has maintained contact and demanded payment throughout those six years but the Debtor has not acknowledged the debt by way of payment or written acknowledgement. Is this debt considered Statue Barred?

 

Thank you.

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if you (the debtor) does not confirm in writing or pay's noything towards a debt for 6 clear years (5 in scotland) then the debt is stat barred, it matters not one iota if the creditor continues to pester you

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Hello,

 

I'm confused about the criteria of Statue Barred Debts, specifically if a Creditor writes to the Debtor.

 

For instance if an alleged debt is over six years old BUT the Creditor has maintained contact and demanded payment throughout those six years but the Debtor has not acknowledged the debt by way of payment or written acknowledgement. Is this debt considered Statue Barred?

 

Thank you.

 

The Creditor could write to you every day for 6 years.... .. however, as long as you have NOT admitted liability for the debt or made any payments toward it. IT IS STATUTE BARRED.

 

 

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Correct the OFT Guidance states that sending demands for payment or statements of account do not constitute contact, any admission of liability is made by the dbtor or his representative (a) making a payment or (b) an unquivocal WRITTEN acknowledgment that the debt subsists.

 

Verbal contact although unwise does not affect the limitations period.

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That debt will be stat barred then :)

  • Haha 1
 
 

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That debt will be stat barred then :)

 

It's one of the clearest statement in any part of The OFT Guidance 2003/2012 set in stone one might say:madgrin:

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