Statute Barred or can of worms

[skinszo]

HI Everyone,

Thanks for the ongoing advice. i can really say that you have helped me a great deal.

I have two what i believe to be very old debts on my credit file, which seem to be going up and up and up yet i never receive any correspondence from them.

To my knowledge i haven't made any payment or acknowledgement of this for a very long time.

i understand that after 6 years you can apply for it to be Statute Barred

- Is there a way of finding out when a payment was made

- if i apply for it to be stature barred do i need to go to court?

- will the debt literally just be taken off my credit file??

Thank you again for any advice.

[righty]

Re: Statute Barred or can of worms

You don't have to apply for SB its arrives automatically after 6 years from your last payment or acknowledgment of the debt unless its secured by deed (mortgage, secured loan) then its 12 years

[righty]

Re: Statute Barred or can of worms

You could mention to the CRA's that its time barred & ask they remove them but don't hold your breath

[skinszo]

Re: Statute Barred or can of worms

Thanks Righty,

is is there anyway of me being able to find out if it had been SB or when it would become so.

[righty]

Re: Statute Barred or can of worms

Check with Ame but I suggest you keep quiet. After all its upto them to prove it isn't SB'd