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Re: debt in uk
Originally Posted by rugbymatt
It was another member and i have a strict rule of kiss and no tell!
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Re: debt in uk
Originally Posted by jond
Boring, I thought it was MI5 or something interesting :cool:
It was interesting! |
Re: debt in uk
Originally Posted by jond
Boring, I thought it was MI5 or something interesting :cool:
He's leading you on pretend you are not interested... |
Re: debt in uk
Originally Posted by busterboy
He's leading you on pretend you are not interested...
How about if im not interested? |
Re: debt in uk
Originally Posted by rugbymatt
How about if im not interested?
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Re: debt in uk
Originally Posted by busterboy
What with your curious mind...as if? :)
Its always been my greatest fault! |
Re: debt in uk
I am not interested.
Go on, pleeeease tell me |
Re: debt in uk
Originally Posted by busterboy
Not really. Par for the course. Though we did get a sactimonious post telling us not to be so sactimonious - which was interesting.
Just a little irritated with the judgemental stuff and the misinformation. Usually stay well away from this sort of thread, but sometimes... :mad: |
Re: debt in uk
Originally Posted by Mallory
If your parents own a house in the UK, and you are listed as one of the heirs, your creditors will be standing in line when you get ready to sell it. Your siblings won't be able to sell it either, with liens on it. It will be held in limbo until you can pay the debt off.
Creditors have 6 years from the date you last awknowledged the debt (i.e. the last payment you made) to find you. Otherwise it is written off. |
Re: debt in uk
Originally Posted by rugbymatt
My god! Thats got to be the first time someone on BE has agreed with me!
2500 posts and i finally get a agreement! OzTennis :) |
Re: debt in uk
Originally Posted by OzTennis
No you don't, it says 3,354 posts! :D
OzTennis :) It does now, it didnt when i made the statement! But thanks for not agreeing with me. |
Re: debt in uk
Originally Posted by ALISON
That's wrong, I'm afraid.
Creditors have 6 years from the date you last awknowledged the debt (i.e. the last payment you made) to find you. Otherwise it is written off. Thats probably what the CAB or such like institutions may tell you but if they think they can recover at any stage they will! |
Re: debt in uk
Originally Posted by rugbymatt
Thats probably what the CAB or such like institutions may tell you but if they think they can recover at any stage they will!
If no legal action has been taken it is indeed unenforceable, however if a CCJ or High Court Judgement has been issued it can be enforced after 6 years but only if the Judgement Claimant makes application to the Court for this to happen. Of course this is largely for simple information purposes only as the chances are the matter will have been written off some years before and buried along with the millions of bad debt. |
Re: debt in uk
Originally Posted by Centurion
Actually 6 years refers to the information being held against you and it must be expunged as a default from credit files etc. Thats 6 years from the late you last made a payment or communicated with the creditor, not actually took out the credit.
If no legal action has been taken it is indeed unenforceable, however if a CCJ or High Court Judgement has been issued it can be enforced after 6 years but only if the Judgement Claimant makes application to the Court for this to happen. Of course this is largely for simple information purposes only as the chances are the matter will have been written off some years before and buried along with the millions of bad debt. And if you read back some way thats exactly what i said. |
Re: debt in uk
Originally Posted by Centurion
Actually 6 years refers to the information being held against you and it must be expunged as a default from credit files etc. Thats 6 years from the late you last made a payment or communicated with the creditor, not actually took out the credit.
If no legal action has been taken it is indeed unenforceable, however if a CCJ or High Court Judgement has been issued it can be enforced after 6 years but only if the Judgement Claimant makes application to the Court for this to happen. Of course this is largely for simple information purposes only as the chances are the matter will have been written off some years before and buried along with the millions of bad debt. Just out of curiosity, does that mean that, for example, if someone had bad debt and a terrible credit rating and they moved out of the UK for 6+ years, then if they came back they would have no problem getting credit?? xxx :confused: |
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