6 year rule/out standing debt?

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Can you be chased for an outstanding debt after 6 years?

I had a personal loan back in 1990 and then moved address, due to my financial situation at the time I could not afford to pay the loan repayments, I did how ever pay the due amounts due until Jan 1991 before I moved away from the area, then I stuck my head in the sand for 10 years hoping it would go away, where do I stand now? will I have to pay any interest or will the loan be written off, the loan was with a major high street bank and I have been on the electoral roll for 7 years.

-- Colin Peter James (colinpjames@ic24.net), February 01, 2001


Detailed answer lies in various posts in this forum and in a few-days- old document in the Repossession section.

To find the questions in this forum that cover this, please do a search (Edit | Find in your web browser) for 6, six, or limit. This will bring up the various titles of questions that previously asked the same question.


-- Lee (repossession@bigfoot.com), February 01, 2001.

Like Lee says, go to the Repossession section and look in the scetion about 6/12 years. If that raises any specific questions about your particular case, please come back to the Q&A board with your queries.

Good luck.

-- Eleanor Scott (eleanor.scott@btinternet.com), February 17, 2001.

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