S
schmallfella
Guest
Hi all,
This is my first time here. I have a question on behalf of my other half, he had a credit card when he was younger which went out of control and he couldn't make the payments after a while. He then lost his job and was out of work for nearly a year so couldn't afford to pay it back. He had a debt collection agency after him for a 6 month period in 2004 but seeing as he wasn't earning he couldn't sort it out and ended up breaking contact with them. He recently started getting letters and phone calls again from the same crowd about the same debt. I would have thought after all this time it would have been written off as a bad debt? Is this the case, or if not when does that happen. I used to work for one of the main banks when I started working and the period was 5 years. I'm not defending him in any way and he should pay it all back. I'm not asking a moral question here about what he should do etc... I'm merely interested in the period of time that a bad debt gets written off in. Does anyone know?
This is my first time here. I have a question on behalf of my other half, he had a credit card when he was younger which went out of control and he couldn't make the payments after a while. He then lost his job and was out of work for nearly a year so couldn't afford to pay it back. He had a debt collection agency after him for a 6 month period in 2004 but seeing as he wasn't earning he couldn't sort it out and ended up breaking contact with them. He recently started getting letters and phone calls again from the same crowd about the same debt. I would have thought after all this time it would have been written off as a bad debt? Is this the case, or if not when does that happen. I used to work for one of the main banks when I started working and the period was 5 years. I'm not defending him in any way and he should pay it all back. I'm not asking a moral question here about what he should do etc... I'm merely interested in the period of time that a bad debt gets written off in. Does anyone know?