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Welcome Statue Barred??


paulmorfett1983
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Hi There, I posted another thread a few days ago and thanks to the comments received so far. I'm now considering to send a letter stating the debt is statue barred however i just want to run something by the members here. I took out the loan back in around 2004ish. Defaulted on payments around 2006ish so technically i believe it's now statue barred. The question I've got is what happens after i've sent this? Will they update my credit file stating it's settled? Could they take legal action to recover the debt still? Any advice would be welcomed.

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