For anyone who gets calls from any debt collection company like Credit Corp and the debt could be statue barred as last payment date was over 6 years ago (it's only 3 in NT) get the information from the company's in writing on the last payment date & if its over 6 years then instead of ignoring them you go to the ombudsman (COSL or FOS). This will cost them money firstly just to lodge a complaint.
It is against the law to ask for payment on a statue barred debt. Lodging a complaint with ASIC about them contacting you to pay a statue barred debt is also a good option as they will get reviewed and possibly fined.
In case of having a debt that isn't statute barred don't swear or hang up on them, advise you are in hardship and require a hardship arrangement. They are required by law to offer hardship.
Don't ever think the legal action is a joke as if you work full time or own assets they will take you to court and the legal costs will be added to your debt & then they have 12 years to enforce the debt. Judgment looks worse on a credit file and some credit applications ask if you have ever had judgment filed against you.
It is against the law to ask for payment on a statue barred debt. Lodging a complaint with ASIC about them contacting you to pay a statue barred debt is also a good option as they will get reviewed and possibly fined.
In case of having a debt that isn't statute barred don't swear or hang up on them, advise you are in hardship and require a hardship arrangement. They are required by law to offer hardship.
Don't ever think the legal action is a joke as if you work full time or own assets they will take you to court and the legal costs will be added to your debt & then they have 12 years to enforce the debt. Judgment looks worse on a credit file and some credit applications ask if you have ever had judgment filed against you.