A question

[pmhcfc]

Let's say I obtained a new Credit Card on 1st Jan 2003....

 

If I made purchases on this credit card every month in 2003 ...and didn't pay anything back, would the purchases made in Jan, Feb, March, April, May now be statute barred and the purchases made in June through to December still be owing?

 

Might sound like a dumb question but I'm a bit bored and thought I'd rack your collective brains.

[Bazooka Boo]

Might sound like a dumb question but I'm a bit bored and thought I'd rack your collective brains.

 

Doesn't matter how bored you get, anything is better than day time TV and the likes of Jeremy Kyle!

 

But to answer your question, coz I'm a bit bored also.

My first answer was going to be No! they wouldn't be SB.

But come to think of it, yeah I kinda think they might be, as you had never paid anything toward the debt, and as SB law goes, the limitation date starts from the time you last acknowledged or paid any money on the debt.

If you continued spending on the card and you never made a payment toward the debt, and they foolishly allowed you to continue spending on it, then i don't see why the earlier months debts wouldn't be SB.

 

Now I'm off to watch Dave!

[dx100uk]

i think you will find it is the last financial transaction eitherway.

so date of last purchase/use or payment is when the clock starts ticking.

 

if you purchased an item, you effectively ack the card and thus the debt

 

dx

 

dx

[PGH7447]

Nice thought but I dont think it works that way, by using the card you are acknowledging the account, stat barred only works if you dont acknowldge the card/account for 6 years

 

Snap dx100UK

[Bazooka Boo]

Nice thought but I dont think it works that way, by using the card you are acknowledging the account, stat barred only works if you dont acknowldge the card/account for 6 years

Snap dx100UK

 

Yeah, stands to reason I guess, payment or not you are acknowledging the account, shame, nice idea though!

[pmhcfc]

Yeah, stands to reason I guess, payment or not you are acknowledging the account, shame, nice idea though!

 

Hmmmm