Quote Originally Posted by tiger31 View Post
once the debt has been sold from the original source it becomes very hard to enforce because because the company is gambling on its ability to recover the debt.
Yes, you are right that most debts may be time barred.

Provided that, if during the six years:-

- The lender doesn't contact you about the debt
- You don't acknowledge the debt in writing
- You don't make any payments towards it...
- the lender has not been granted a CCJ (County Court Judgment) against you (it could then still be enforceable even if it's over six years old)

Also debts relating to land such as mortgage shortfalls have a 12 year limitations period.....and some other debts such as court fines, CSA debts, council tax debts, and most HMRC debts.. never get time barred (likewise may never get enforced)