hi everyone,im new to the forum and after abit of advice really...i had a bank loan 20yrs ago when i was 18yrs old,unfortunatly i fell into difficulty after a year of having the loan as i lost a close family member,i then got in with the wrong crowd,lost my job and so on and so on,needless i did'nt pay the full amount back and never heard anything from anyone in that time as i moved house a few times in the past 20yrs....until last week when i had a letter from a debt collection agency to recover the full debt,now iv been told by a few people that after 6yrs they are unable to recover the debt??? is this true???.
obviously i had CCJ against me for not paying the loan back as i was unable to gain credit for quiet a few years....on the letter i received that if i do not pay them il get CCJ against me...can this happen or are they just trying it on to get the money back with threatening action i.e ballifs and CCJ's etc etc.
any help would be apprieciated.
steve.
obviously i had CCJ against me for not paying the loan back as i was unable to gain credit for quiet a few years....on the letter i received that if i do not pay them il get CCJ against me...can this happen or are they just trying it on to get the money back with threatening action i.e ballifs and CCJ's etc etc.
any help would be apprieciated.
steve.
Comment