Being chased for debt that is not yours or perhaps is over six years old?

Being chased for debt that is not yours or perhaps is over six years old?

There are a variety of business collection agencies agencies, whose task it’s to chase down unpaid debts for other programs.

The onus is on THEM to prove that you DO owe the money and that it’s genuine debt if receive a phone call or letter asking for money. Therefore if the debts aren’t yours, do not panic; deliver a page to state you are not responsible. National Debtline possesses letter that is template may use.

For older debts, what the law states claims you cannot be pursued in court for civil problems six years following the occasion (five in Scotland).

Therefore for the loan that is personal credit/store card or bank-account where there has been no contact for six or even more years, a loan provider frequently can not get a court action against you. This might be risen up to 12 years for mortgages/secured loans – but also for tax debts that are most there’s absolutely no time frame.

Be aware that contact often means such a thing, including building re re payment, and that restarts the clock. Courts might also expand enough time, for instance, if loan providers took steps that are reasonable contact you. Some loan providers nevertheless chase your money can buy from then on duration, but just you can be forced by a court to pay for. More