From: Ronald Raygun 
Subject: Re: Query re. Defaulted accounts & credit files
Newsgroups: uk.finance
Date: Tue, 09 Jan 2007 22:14:56 GMT

Peter Saxton wrote:

> On Tue, 09 Jan 2007 15:20:05 GMT, Ronald Raygun
>  wrote:
> 
>>CJ wrote:
>>
>>> My questions are: Whats happens after 1st March (exactly 6 years since
>>> the account was defaulted)?
>>> 
>>> If I stop making payments after this date can they chase me for the
>>> outstanding money?
>>
>>Yes, for another six years.  With each payment you make, you are
>>acknowledging the debt exists.  A debt only becomes unenforceable
>>after it has remained unacknowledged for six years.
> 
> The only debt you are acknowledging is the one you have paid.

What do you mean by that?  It's my understanding that if you make
a payment in part-settlement of a debt, you are acknowledging that
the whole debt exists.