Hi all,i recieved a letter today from a debt collection company chasing a debt from 11 years ago!
We have moved house twice since then and must have forgot to tell them.The debt is only a couple of hundred pounds to a catalogue company but obviously being in an IVA i cant really pay it.
The letter states they are experts in doostep recovery[:0]
Not sure what to do.
Regards blods
Have a word with your IP about this, it may be they can get it included.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
As long as they are willing to wait I suppose it would be ok.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
That'll teach me to pay more attention rather than half watching My Big Fat Gypsy wedding!
You're right - if there has been no acknowledgement of the debt then it will be statute barred.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
The pink frock - definitely for you, but make sure you have the fire extinguisher ready!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If the debt is that old and there has been no contact between you and debtor for over 6 years then the debt becomes statute barred and technically is unenforceable.
However if you wish to aknowledge this debt and pay it if your F&F is accepted then that would be fine.
Just because the debt is statute barred doesn't mean that it isn't rightfully payable. If the oversight was a genuine mistake, and you want to do the right thing, I would calculate a payment based on the dividend being paid to other creditors in the IVA and send this to them. They are rightfully bound by the terms of your IVA, but personally I would not disturb the conclusion of that process unecessarily.
