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No, it does not make a difference if for example the financial obligation comes. The period that is six-year runs through the date of the final payment or written acknowledgement regarding the financial obligation.

The purchase does“reset the clock” n’t. If it absolutely was already statute-barred at that time it had been offered, it continues to be statute banned.

Whenever does a CCJ become statute banned?

It never does. If the creditor hasn’t taken any enforcement action in six years, they will need certainly to affect the court for authorization when they would you like to enforce your debt simply by using bailiffs. It is uncommon but you, contact National Debtline if it happens to.

My financial obligation is statute-barred – if we reclaim PPI will this re-open the debt?

When a financial obligation is statute banned this is certainly permanent, it may never become “unbarred” so trying to get a PPI reclaim won’t modification this. Therefore it’s safe to reclaim PPI for a statute banned financial obligation.

If the reclaim is prosperous, the financial institution will often not give you the income but set it off from the staying financial obligation – even though it really is statute banned your debt nevertheless exists. In this situation don’t utilize a claims company, or you might find yourself owing them cash.

Other questions?

We can’t provide you with suggestions about whether the debt will be statute barred, therefore then phone National Debtline on 0808 808 4000 if you are concerned about a specific debt. Read the rest of this entry »