www.iva.co.uk

I recieved a letter last month from a debt collectors on behalf of Natwest. The bank account was oppened 7 years ago and was overdrawn. Since then I have moved address numerous times and forgotten all about the bank account. I was wondering if I still had to pay off the debt after such a long time as I was reading somewhere on the net that after so many years the debt was written off, any ideas?

Hi there

I think it depends if they have contacted or tried to contact you within 6 years, I don't think moving severall times will exempt you from paying a debt as they may have tried to contact you many times but just not known where to find you.
I am sure that an expert will be along soon to give a difinitive answer and some advice
Best wishes

Hi
I agree with Emma,if the creditor can show that they have tried contacting you within the last six years then the debt is still due
Regards

Best thing to do when you move is to apply for the Royal Mail re-direction scheme. That way your mail is forwarded automatically to your new address for up to two years. You have to pay for it but it means that you will still receive mail from anyone you have "forgotten" about. In fact it helps remind you of people who need updating as you can see who is still using your old address.

Particularly useful when preparing an IVA - its important to include all your creditors as - I believe - if you fail to do this it CAN in some circumstances lead to the failure of the IVA.