Unpaid loan

[Advice please]

had a loan with credit union, unpaid since 2013.still owe a few k even with savings taken off balance.
Have buried my head in sand for years, financial hardship etc. Still no excuse. Essentially What happens to the debt? Is it still there, I never did anything about it, ignored letters and then moved didn't leave forwarding address.

 

[Brendan Burgess]

Yes, it's still there.

You borrowed money from the Credit Union, which is a community lender funded by your savings and the savings of your neighbours and colleagues.

So you still owe it, even if they are no longer your neighbours or colleagues, so you should pay it back.

Brendan

 

[Thirsty]

You can get a report from the ICB to check your credit rating and see if this is recorded against your name.

There is a statutory limitation on unsecured debt of 6 years.