question category: Debt Collectors

ive got a debt of £22000 over ten years old, am i still responsible
Submitted on: 7th Dec 2010 by Non-Member | Total Answers: 1

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Re: ive got a debt of £22000 over ten years old, am i still ...

If this was previously a secured debt, then you are still responsible for up to 12 years after the debt was incurred and the lender, or their representative, can still track you down and require payment in full. Other debts have a limitation period of 6 years. If you have made any payments or been in contact with the lender during these 10 years, then your limitation period starts from the date of last contact.

After the limitation period is up, the lender can still chase you for payment, but has no ability to force action through the courts.

This question has been answered by Christians Against Poverty, a leading debt charity offering hope and a solution to anyone in debt.

Submitted on: 20th Dec 2010 by TA Member

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