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.
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