I am rather suprised by the debate over 6/12 year satute of limitation as I understood that debts that evolved from Consumer Credit could not be persued if the debt was over 7 years old. Is this not the case or simply with reference to Consumer Credit rather than mortgages?(posted 9195 days ago)Can Consumer Credit debts (unsecured) be persued after 7 years?
Do Credit Reference Agencies hold any data relating to consumer credit debt beyond 7 years?
The reason I ask is that amid spiralling debets and redundancy in 1994 I sold my home and repaid my negative equity. Unfortunately this left me crippled with unsecured loans and credit card debts. After making the classic mistake of refinancing the debts (several times) I was in a dire finance situation. The recovery agents would not accept any of my offers and eventually I told them I couldn't afford anything and stopped paying. I haven't heard from them since the end of 1995.
I know that they can chase me now, but is there a time limit for there action?