Credit Reference Agency and Statute Barred Debts

[Coactum]

I have a disputed account that was passed among various lenders over the years as one bought from another.

 

On each occasion as and when I was contacted I responded repudiating their claim.

 

None of the companies involved attempted to prove their claim in court and now the matter is statute barred.

 

Upon receipt of the latest letter I responded to the current holder of the alleged debt in writing

advising them that as this had been in dispute for over 5 years

that under the terms of the Prescriptions and Limitations Act (Scotland) 1973

that the matter was now time barred and any further attempt at collection could be construed as harassment.

 

They have responded acknowledging my obligation to pay is now extinguished

but highlight that they will continue to report the matter to Credit Referencing Agencies.

 

Now I know that a debt becomes Statute Barred in England at 6 years

and this corresponds with the maximum time a bad debt is listed with Credit Bureaus,

 

but I thought in Scotland that it was 5 years for both.

 

Can someone please clarify?

[maroondevo52]

Hi,

 

It'll stay on your Credit File for 6 years in Scotland.

[Coactum]

Many thanks for the prompt clarification maroondevo52

[maroondevo52]

Many thanks for the prompt clarification maroondevo52

 

No problem, still seems mad the debt no longer exists but they can still report it.

[Coactum]

It does indeed and that is why I thought is was 5 years for both in Scotland

[dx100uk]

is the debt not defaulted then?

 

dx