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Being chased for financial obligation that is not yours or perhaps is over six yrs. Old?

Being chased for financial obligation that is not yours or perhaps is over six yrs. Old?

There are certain commercial collection agency agencies, whose work its 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 express you aren’t accountable. Nationwide Debtline possesses template page you may use.

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

Therefore for a loan that is personal credit/store card or bank-account where there has been no contact for six or maybe more years, a loan provider frequently can not obtain a court action against you. It is risen up to 12 years for mortgages/secured loans – however for many taxation debts there isn’t any time frame.

Be aware that contact can indicate any such thing, including building a re re payment, and that restarts the clock. Courts could also expand the full time, for instance, if loan providers took reasonable actions to contact you.

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