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This was totally out of the blue but they claimed that they sent a letter to me a few weeks ago in regards to the matter..a letter i never received. i rang them to find out what was going on,and what the debt was for. they told me that it was outstanding with hsbc bank and that i need to pay it by the end of the month,or they will start legal proceedings against me.i asked them what this would involve,which they replied the bailiffs would be contacted to call at my address to remove personal property. the debt was from roughly 8 years ago,for an unauthorised overdraft which i had with the bank. they told me that if i pay it by the end of the month £90 will be taken off the debt.which will take it down to £198.00. i am unemployed and am claiming jsa. i am going to the c.a.b on monday morning to find out where i stand and what i can do. i have been told that after 5years the debt is wiped,but am not sure. i would appreciate any help in this matter.thanks

Listen to the guy above me. he knows the score unlike the rest of the answers you have. they cant do jack @hit, after six years its void, i know this personally as i have been in this position a few times so i speak from experience and alot of research, ignore them never admit to owing the debt and you will be fine. they will send all sorts of letters claiming this and that chuck them, do not contact them. they buy the debt from the bank and its the debt agency chasing you not the bank and they cant do naff all if 6 years have passed and you have not admitted to owing the money, never call them they will record the conversation, the only debt which can be collected after 6 years is any outstanding tax this has no limit. there is a 6 year rule for the people here who dont know what their talking about. the statute of limitations sets a time limit for a company to take its debt or debts formally through the courts. for most non land related debts such as credit and store cards and loans the period is 6 years from default. so if 6 years passes and the person owing the money does not acknowledge the debt in any way, enter into negotiations, or makes any payment then the debt will become statute barred http://www.payplan.com/debt-library/joint-and-several-liability-the-limitation-act-1980.php .