No, it does not make a difference when your financial obligation comes. The six-year duration still operates through the date of the final re payment or written acknowledgement of this financial obligation.
The purchase doesвЂњreset the clockвЂќ nвЂ™t. It was sold, it remains statute barred if it was already statute-barred at the time.
Whenever does a CCJ become statute banned?
It never ever does. If the creditor hasnвЂ™t taken any enforcement action in six years, they shall want to connect with the court for authorization when they like to enforce your debt by utilizing bailiffs. This might be uncommon but you, contact National Debtline if it happens to.
My financial obligation is statute-barred вЂ“ if we reclaim PPI will this re-open your debt?
As soon as a financial obligation is statute banned this will be permanent, it may never becomeвЂњunbarred so trying to get a PPI reclaim wonвЂ™t modification this. Therefore itвЂ™s safe to reclaim PPI for a statute banned financial obligation.