Default Notices - why 6 years?

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Pricivius

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Post by Pricivius » Tue Aug 19, 2008 12:51 pm
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Sorry if I'm being dopey but I can't seem to find the answer to this anywhere...

I am aware that CRAs can hold Default Notices on your record for 6 years, but what is the basis for this? Is it simply DPA, or is there some other law which will allow them to? Surely there's something somewhere?

Thanks [:I]
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MelanieGiles

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Post by MelanieGiles » Tue Aug 19, 2008 12:53 pm
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It probably has something to do with the Statute of Limitations legislation, but I do not have the definitive answer sorry.
Regards, Melanie Giles, Insolvency Practitioner
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Wizzard

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Post by Wizzard » Tue Aug 19, 2008 1:57 pm
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I thought the same Melanie, but not being an expert I kept me gob shut. I don't have the courage of my own convictions [:D]
When I was young I was called a rugged individualist
When I was in my fifties I was considered eccentric
Here I am doing and saying the same things I did back then and now I'm labelled senile
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MelanieGiles

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Post by MelanieGiles » Tue Aug 19, 2008 2:38 pm
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Don't know why Ray - most of the advice you give is very correct and sensible!
Regards, Melanie Giles, Insolvency Practitioner
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