Money Advice Trust response to MOJ's Limitations Consultation

[Amethyst]

http://www.moneyadvicetrust.org/imag...tion_paper.pdf

We would suggest that three years is a reasonable time span of operation in the modern, technologically-advanced world. We would also suggest that such a period would be of benefit to the clients of NfP advice services, who are often vulnerable, that matters do not run on indefinitely. A speedier resolution would provide less opportunity for repeated passing on of the debt from one collection agency to another and repeated resale of the debt. Equally, continued pursuit is clearly a waste of time and money in relation to people who are unable to pay.

[natweststaffmember]

Re: Money Advice Trust response to MOJ's Limitations Consultation

Could they not mention the selling of Statute Barred debt or was it not within the consultation parameters?

[Amethyst]

Re: Money Advice Trust response to MOJ's Limitations Consultation

I don't know as the MOJ haven't published the original consultation document that I can find - they do mention selling debts on 'close to' the end of the limitations period. I would think trade in statute barred debt would increase massively if this changed.