When is a debt stat barred and what brings it out of statute barred?

[Deb T]

When  a debt is stat barred and where no payment within the preceding 6 years has been made

then the debt is as stated stat barred?

 

What if a DCA then sends letter out of the blue some years later and the alleged debtor writes

back acknowledging they owe on the debt but the amount owing is disputed?

 

Is acknowledging they owe some money (but have not made any payments n 6 years) enough

to restart the clock? 

 

 

[BankFodder]

Once the debt is statue barred, nothing can revive it.

 

A debt becomes statute barred after six years. However there is some debate as to when that six years begins.

 

The time starts to run from the date of the breach of contract – in other words the date that an instalment was missed. However more recently a lot of people have been saying that it runs from the date of the issue of a default notice.

 

My view is that it runs from the date of the initial breach because otherwise it is then completely up to creditors to decide when the limitation period begins and that means that if they want, they don't need to issue a default notice and that means that the debt can run forever

[Deb T]

Thats what I thought.

 

The argument was that out of the blue a dca wrote asking for money on the debt, a decade or since anything last heard.

 

The alleged debtor wrote back stating that whilst they owed some of the money on the debt it was not all theirs (although they were the only named on the account)

 

The dca wrote back as always stating it didn't matter the money had to be paid regardless.

 

The alleged debtor was worried their acknowledgement of owing money has restarted

the clock...but obviously it doesn.t

 

Thanks for your input...

[dx100uk]

would of thought you'd known that deb t

 

nothing can unbar a debt not even a judge

 

dx

 

[Deb T]

I did DX, I just wanted to have it confirmed by another so as to be able to point someone to the thread for reference so they in turn can send the bottom feeding DCA a letter advising them of their stupidity.

 

 

 

[dx100uk]

did they send our sb letter in the debt collection section of our library?

 

if not send that and if they still pester invoke the CONC section it refs

 

dx