Hi all,
I have some old debt i know about that being an overdraft from university going back 8 or so years.
This debt was passed onto a debt collection agency and at the time i was receiving letters but was young and stupid. I havnt recieved a letter for this for years so i was wondering how i would go about finding the debt and repaying it?
Thanks for your time.
Posted Nov 12, 2020, 6:43 PM UTC
If you’re in England and it’s been more than 6 years since you made any payment or had any contact the debt collector isn’t going to be able to enforce the debt, they will know this which is probably why they haven’t bothered chasing you recently. It should also be off your credit reports by now.
if you really wanted to track it down you could probably go back to the bank and try to find out who they sold the debt on to but this is one of those where it’s probably best to let it go.
!thanks
As another user has stated the same i think i will likely just be ignoring it for now. As i said in my other comment im just looking for a way to improve my credit history. This was the only debt i had i thought i would repay it but if its not on my credit report anymore i suppose its best to let sleeping dogs lie.
Thank you for your help.
Always best to check all three credit reports just in case but it should have come off the report 6 years after it defaulted, and it doesn't harm to check your credit reports on a regular basis just to make sure they are all in order.
I have signed up to Experian and it doesnt show on that report apparently i have a fair credit rating and only 2 points off a good credit rating. Im not sure how accurate that is though because i dont feel ive done enough to get that rating.
[removed]
Very noble of you, but odds are if it's been this long, the debt is statute barred and you're not obliged to repay it anyway. The bank may not even have it on file any more.
Best to forget about it and do your best to avoid costly debt in future.
!thanks
I would like to repay it just to remove it from my credit history if possible. Ill be honest im not so knowledgeable on credit score/file but im trying to increase my score and i know it takes a while to be removed but i thought it may help in the future as its my only debt i have.
Regardless thank you for your help and i suppose ill be forgetting about it for now.
It drops off of your credit file after six years.