Debt scam letter

[motorbiking]

Is telling debt collectors to go away or peeking through your curtains at them - acknowledgement? Is simply answering the phone to those with an interest in recovering the money - acknowledgement?

Am I correct in saying that - if I were to run up large debts on a fist full of credit cards, just say prior to moving, and ignored all suspicious correspondence for six years - the debt is wiped?

It’s likely they would seek a judgement against you and then expedite it in the high court. Allowing a sheriff to be able to track you down and seize goods to the value.

 

[motorbiking]

And if there is no debt (and the claim is spurious), can the collectors keep - legally - "resetting the clock" to another 6 yrs?

i.e. a never-ending cycle of being drawn into fighting a (in reality, non-existent) claim?

It would be harassment. You could bring legal action against them.

 

[Trazor]

Am I correct in saying that - if I were to run up large debts on a fist full of credit cards, just say prior to moving, and ignored all suspicious correspondence for six years - the debt is wiped?

In theory yes, but in todays times, almost impossible for you to achieve.

You would have to go off radar completely, again almost impossible.

 

[noseall]

In theory yes, but in todays times, almost impossible for you to achieve.

That's what I was thinking.

 

[motorbiking]

Nah, they'll send enforcement papers to the old address and rely on you trying to get it set aside, providing the correct address.
either way they will have a valid judgement against you, that can be enforced.

The only people who get away with not paying are those who carefully ensure the contract is with a penniless entity (e.g. dodgy builders, car dealers etc who phoenix their company) or people who are genuinely penniless and not worth making bankrupt.

 

[motorbiking]

Ah ok. @Trazor

I know someone that was bankrupt and 10 years later after buying a house and getting married they came knocking. Lost the new house.
Guess loans ect are different. I just don't trust the system tbh.

Bankruptcy is different. There must have been more to this than a simple bankruptcy. The fact that he got married would have given his wife some ability to protect her house.