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Statute of limitations for a debt is 6 years, provided there has been no contact for 6 years you are in the clear and the bank cannot collect.As far as I'm aware from reading the statue book it also applies to civil matters...
Is there anything you think I can do with regards to interest accrued over the years as no effort of contact was made from the bank to me?
Hi, can you tell where I can get more info about this as a bank recently contacted me about an 8 year old debt.Statute of limitations for a debt is 6 years, provided there has been no contact for 6 years you are in the clear and the bank cannot collect.
I have had no contact from them for 8 years, even though I opened a new account with them in 2006.Had there been no contact for 8 years?
How was you contacted?
Nope, i opened a new account with them in 2006, I have a credit card with another bank, and I obtained a mortgage from a main mortgage lender last june all without issue.I dont know about the statute of limitations and how it applies to borrowings however my view would be - that even if the bank dont contact you the recording of the issuance of the loan will remain on your Irish Credit Bureau report.
While the bank may not twig that you owe them money, if you go for a loan mortgage, finance a car or anything that requires your ICB record to be accessed you load balance & period of arrears is shown on the report.
You may have applied for an overdraft or loan from the bank which may have led someone to realise the loan was not being addressed & brought it to light again.
I take it you have not responded to this letter in any way? PM me if you wish.I have had no contact from them for 8 years, even though I opened a new account with them in 2006.
I received a letter from a collection agent.
Thats right, the letter only arrived today, it was redirected from my old address which I left last july.I take it you have not responded to this letter in any way?
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