Does he not use the account anymore that has the over draft of £2000?? im confused. an overdraft isn't like a loan, the bank tends to let you have an overdraft because there is money going into that account regularly?!I believe that any debts over 6 years old are "statute barred" – which means that technically you cannot be "chased" for debts over 6 years old. However, he could still be liable for paying that money back as they may have caught up with him within the 6 year period. If that is the case, then yes, he will be liable to pay the money back.In England and Wales there is a rule about 6 years which is turning into an urban myth.

In fact unsecured debts are statute barred after 6 years from the last payment or admission of the debt only if there has been no court judgement and no collection activity.

Statute barred does not technically mean you "do not have to pay" it means the debt is unenforceable in court. But you may still get collection activity on the debt. You should be able to stop that. If you need help writing a letter about this debt i can send you a free information pack.

 

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