unsecured loan

[nightowlchuc]

is there a time limit that a loan company can chase you on a unsecured loan, after 8 years of not hearing a thing!!!!!!!!!!!!!!!!!!!!!!!

[BIG BIG JOHN]

I think there is a time limit of six years that there has to be some sort of action to claim payment on the loan. I only know this because I received notification out of the blue from Barclaycard that they wished me to settle my (three) credit cards from many years ago. I then read in the financial pages about them suddenly deciding to chase up old accounts but could not pursue them because of this time limit. Having said this, I would suggest that you should be sure that they have not been in touch for 8 years before rejoicing. If you have moved and they can prove that they have indeed TRIED to contact you, they may have a case. I think in my case that Bays handed all their old debts to an agency.

[curlyfilm]

your fine there is nothing they can do, if they catch up with you there are some letters at the following website that you can print and send them

http://www.debthelpuk.co.uk/