I have a company chasing for a credit card debt which is dated 2003 can they still collect and chase for this debt, this is the first that I have heard about this for over 6 years.
Dear Customer,thank you for using Just AnswerIt depends on the statute of limitationsIf there is an executary title ( enforcement order)the statute of limitations is 30 yearsAny interest you may have to pay on that debt however has a statute of limitations of 3 years, so that you will have to pay interest only from 2009 on.If an enforcement order does not exist however the statute of limitations is only three years and they cannot collect this debt any more.I hope I was able to helpIf this is the case please click accept so I get creditThanksBestC. Schiesslattorney-at-law
More than 18 years of experience in practicing law
I have received a further letter the company chasing are a debt collection agency, they have sent me a copy of the original agreement which is dated April 2003 - but this is the first time in over 6 years that I have heard from them, there is no enforcement order and it is just the debt collection company trying to collect the credit card debt, are they able to do this or does the 3 year statute of limitations apply and can I quote this to them so that they will stop chasing me for the debt.
Dear Customer,the statute of limiations is three yearsThe three years begin at the moment the credit card company writes to you and tells you that you ought to pay your debt, or from the moment you agreed that you ought to pay.
I have not heard from them until this month, the last correspondence was over 5-6 years ago can they chase for the debt ?
Dear Customer,it depends on waht you agreed upon when the debt ought to be paid backIf there is a fixed date the statute of limitations begins from that date on and ends 3 years later
I do not recall agreeing anything with them and have not entered into any communication with them since 2006 and until now have not heard nothing from them at all - am I right in thinking that they cannot make me now pay the debt?
Dear Customer, normally you get bills every month, and if you are overdrawn you are asked to payIf you have gotten a bill the statute of limitaions begins from the time you get the bill
Thank you, I have not received a bill in over 6 years or any communication from them until this month.
So does this mean that they cannot chase for payment as over 3 years have passed ?
Dear Customer,ifyou never heard from them once and they did never until today write to you I am of the opinion that they cannot chase for the debts
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).