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>> No. 6840 Anonymous
18th January 2017
Wednesday 7:47 pm
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A long time ago, either 2010 or 2011, my overdraft reached something like £2k and my bank closed the account and asked for all the money back. Due to other issues (depression and attempted suicides), I got sectioned. I came out and got sectioned again, and never really held a "real job". I did odd jobs for cash-in-hand jobs (window cleaning, etc).

The bank and then some debt collectors have obviously been sending letters to my mum's house (where I used to live), and I was not really aware. Anyway, today a letter came around from the debt collectors at my current address, and they are still asking for the money. I wanted to call them up and tell them I can't really pay, but I can pay them something like a tenner a week or something. My room-mate convinced me that it is a scam and that they can't chase me for money after a certain amount of time.

I can't go to my mum's house to get the letters because of our relationship issues (I have not seen her since 2011, but I have spoken to her on the phone).

What should I do? Call up the debt collectors and offer a tenner or something? How long can they chase me? Forever? How did they even find my new address?
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>> No. 6841 Anonymous
18th January 2017
Wednesday 8:05 pm
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>either 2010 or 2011
Sounds an awful lot like time's running out. If they haven't bothered with a CCJ then it's probably too late for them now, in which case they can keep writing and you can just ignore them. If you live in flats, you can do even better since it may be difficult for them to even get to your door.

The dirty secret is that for such a small amount, the bank will have sent collectors around a couple of times but then just given up and sold it on, so the company that is now chasing you will not be the bank you owed the money to. They will probably have paid anything from 30 down to 5 pence on the pound (and probably even lower), but once you reach a point six years to the day after you last did anything that openly acknowledged the debt, then they can't take you to court without first applying for permission, which costs money.

Except for viewers in Scotland, who have their own legislation, where instead the debt itself actually goes away.
>> No. 6842 Anonymous
18th January 2017
Wednesday 9:46 pm
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>> No. 6843 Anonymous
19th January 2017
Thursday 12:33 am
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Wait, I don't think Overdrafts are covered by this.
>> No. 6844 Anonymous
19th January 2017
Thursday 12:54 am
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How'd you figure that, Sherlock?
>> No. 6845 Anonymous
19th January 2017
Thursday 1:11 am
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I don't know, just a gut feeling. Am I wrong? I mean, it doesn't really say "Overdraft" anywhere on your link.
>> No. 6846 Anonymous
19th January 2017
Thursday 1:41 am
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>Am I wrong?
Yes. If they've closed the account then it's just a straightforward debt like any other.
>> No. 6847 Anonymous
19th January 2017
Thursday 1:46 am
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Wait, wait, wait. Just hang the heck on. Are you telling me I can rack up several thousand pounds worth of debt, then just ignore it, and then it disappears?
>> No. 6848 Anonymous
19th January 2017
Thursday 2:08 am
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Sure, if you want to destroy your credit rating and be refused for loans when you actually need one.
>> No. 6849 Anonymous
19th January 2017
Thursday 2:10 am
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If, and only if, nobody takes you to court for it in time. How much you get out of it depends on how much attention said creditors pay to your credit score.
>> No. 6851 Anonymous
19th January 2017
Thursday 2:46 am
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Looks like my set of gold teeth are getting pushed back another year then.
>> No. 6852 Anonymous
19th January 2017
Thursday 10:23 am
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So I'm guessing OP's credit score is beyond shite now.
>> No. 6853 Anonymous
19th January 2017
Thursday 12:15 pm
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Probably. He should check it so he knows where he stands. As long as you're not bankrupt and don't have a huge string of CCJs, it's not terribly difficult to rebuild your credit history.

>> No. 6854 Anonymous
19th January 2017
Thursday 5:37 pm
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This. You are actually fine OP. I got into massive disputes with HSBC and Barclays, some years ago, eventually told them to go fuck themselves and then just ignored it. I've passed the threshold, and seen the black marks wiped of my record. Fuck 'em. Just don''t give them your address, and insure your mother is briefed to give them Jack shit should they come a'knokcing.

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