Debt recovery

[linda50]

A firm contacted me saying that i owe �1700 to a mail order company, they told me that they had bought the debt off this mail order company. If this debt is over 5years old can they still demand this money. If i agree to pay by instalments, if i offer them �10 a month can they refuse and demand more? We can't really afford more than this. Do they have to accept it?

[Peahead66]

http://www.debtquestions.co.uk/debt_forum/

Lots of people here who have been in similar situations who can give good advice.

[raysparx]

I wouldn't offer any money at the moment,because once you do that you are admitting you owe it,there is a period of time after whitch i believe the debt is written off,I would check with Citizens advice before doing anything.

[rugeleyboy]

i believe in britain it is 6 years and you can still chase the debt!!

i know this beacause a company took me for money and tried to say after a long chase,they no longer owe me the money because its over 2 years old!

my solicitor raise the point of the 6 years and i got my money!!

[themas]

Yes, it is 6 years. Do you accept that you owe the money? Have you had anything from the mail order company telling you they have sold the debt? If not, write and ask them to confirm this.

If you do owe it, and the firm is right in saying they own the debt, then you will have to try and agree monthly payments, or get CAB to help you with this.

[Catso]

If you do dispute you owe it, ask for the proof. Otherwise, it's probably best in the long-term to pay it back. If they quibble over your offer, get the CAB to help, they're really good at stuff like this.

[deeboy]

Offer �1 monthly token payments..they will accept that no worries..reviewing every 6 months or so.