Doug
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In the UK, by law if the you've had no correspondence with the card company regarding this in over 6 years (this is called 'acknowledging the debt'), they HAVE to wipe the debt, and can not chase you for it. Contact CAB or www.debtline.co.uk and they'll give you the full information. Whatever you do, don't pay anything until you've sought professional advice. |
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skynyrdgoodway
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piss it off there are two people worried about that bill --you and the person you owe---only one needs to worry and thats the person you owe---- |
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mick w
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i thought after 6 years they couldnt cahse a debt get more info on this |
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old know all
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That sounds about right for £1,000 plus interest plus penalty charges over nearly 10 years. You entered into a contract with Barclays and the charges were part of the contract. Unless you can prove that you were coerced or that the terms are unreasonable, you're liable to pay.
Your best bet is to write to Barclays saying that you had forgotten all about the debt and that you hadn't received any statements from them for nearly 10 years. Offer to pay them £1,950 (that's the £1,000 plus half the interest and charges)in full and final settlement. They won't accept it, but they might make a counter-offer that you find acceptable. |
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Santa claus
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serves ya right you should of payed up |
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hmark
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If it is from a collection agency, not Barclay's, you need to work something out with the collection agency directly as it is now their claim, that is if you want to stop running.
If this collection agency sells it to another, then they will continue to hound you as they have nothing to lose. A word of caution, if you do come to terms with the Collection Agency, make sure that you stipulate your terms in writing and do not sign anything unless you get in writing. |
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jason c
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I would go and see your local CAB they will advice you on what to do. |
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Bonzo doo dah
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OK listen carefully if there has been no correspondence between you and the bank for six years then the the debt becomes Statute Barred under the Limitation Act 1989. Under guide lines set by the Office of Fair Trading banks cannot pursue a debt that is is Statute Barrred so they sell it on to debt Collection agencies who use what ever means they can to recover all or part of the debt. If you feel that you want to pay back the debt then make an offer, however the bank have a set time under the Limitation Act to recover the debt and if they fail to do so then it becomes Statute Barred regardless of who it is sold on to.
My advise is you don't have to repay the debt if i were you i would make a donation to your favourite charity instead |
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angeleyes
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seek legal advice before it gets any worse immediately |
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Cindyxxx
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I dont think they can do that, Im sure that if the debt is 5 or 6 years old and they havent found you then they cant get it back. |
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myenzo
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How did they catch up with you ? have you admitted it is you to them ? |
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S Csparky
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that's all i can suggest too you is go to you
citizens advice.!! |
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L1LVN
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Don't think you can get away with it. Seek advise and pay it off. |
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big dave
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Pay it. |
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cattle_rustler
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i'd say you are best off speaking to the C.A.B. and to the people who are asking for the money.
This law about not being chased or having correspondance with a company probably stands, if you don't run away and don't tell them where your hiding.
You can't expect to run up a debt and run away and everyone will forget about it in a few years. As bad as it is you have seen what happens when you hide from something, be positive and take some steps to sort it out otherwise it will trash your credit rating.
At the end of the day they want there money and as much as they can get so they will accept less than their demand but not if you don't talk to them. |
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Grace
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Sadly you can't. If you didn't pay it and moved house to avoid paying it. No wonder they caught up with you. It will have an adverse effect on your ability to obtain credit in the future. If you can afford to pay it back then you should ring the company to try and sort out a payment plan. They'd be more understanding if you tried to get it sorted out, Good luck. |
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ramrod cowfins
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if you offer them a 'full & final settlement figure' of approx 30-40% of the debt, payable in one installment they will more than likely accept, although they might try and haggle over it. make it clear that you can either pay them 50p a week until hell freezes over, or will pay, say, £350 as full and final settlement.
be firm.
good luck. |
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Mojo
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go to one of those companies which pays the debt off for you and you pay them back at a lower rate. |
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