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Gone Away Information Network GAIN

Can anyone help with a question I have about the GAIN.

I understand GAIN information is held for 6 years. Is that 6 years from the date you were marked as a 'gone away' or is it 6 years from the date of the last updated link.

For example, I left an old address 12 years ago. I have my new address which I have been at for 12 years. I have now been traced to my new address by a collector collecting a very old debt (from 12 yrs ago). Is it likely they will update the GAIN records which will start a new 6 year probem at my current address?

I am going to pay this debt now it has caught up with me, but I wonder if it has opened up a new can of worms with the credit reference agencies.

Thanks.

Reply to
Mike Miller
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"Mike Miller" wrote

If you acknowledge the debt it restarts the clock. If you don't, they have to prove you owe it, which will be tough after 12 years.

Reply to
John Redman

The clock is restarted each time you *or they* acknowledge the debt (eg if they send a statement of account showing the debt, a chasing letter or any other letter referring to the debt).

If you move house without telling them and they continue to send letters to your original address then presumably these letters still count as valid acknowledgements.

Reply to
Adrian Boliston

What sort of debt is it? How long ago did you last acknowledge liability?

Most debts are out of time after 6 years, so tell them to go away.

Reply to
Jonathan Bryce

Thanks for the replies...

It's an old credit card debt. I read about the limitation act and this may apply, however I dont want to be blacklisted again or have any credit reference agency defaults logged against me again if I go down this route.

Reply to
Mike

They can't register a default for something that isn't due, and anything on the file must be removed after 6 years anyway.

They are just trying it on. They do that quite frequently. Tell them to go away, and they will eventually.

Reply to
Jonathan Bryce

How can they acknowledge a debt? The can only allege it. I think you must be mistaken.

Reply to
Ronald Raygun

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