Can the Debts be written off after 6 years with out repayments?

Q: Out of the blue, Ive just recieved an invoice for payment of overdraft on an old Alliance & Leicester bank account.(From Santander) This account was closed in the year 2000. I thought debts were written off after 6 years? Is this not true.

Answer: I think what you are referring to is called “statute of limitation” and generally means that if you have been contacted for payment within a certain time frame then you do not have to pay it.

However, it’s not that straightforward and I would suggest you contact either Santander, debt advice specialist or a solicitor to get a clearer understanding of what your position is.

No related posts.

Comments are closed.