Yeah, I guess you're right - the debts are probably long gone. However, on this site we generally only deal with the legal and economic side of things; nevertheless, there is a deeper and perduring moral aspect to our actions also.

While legally, the enforcability of a debt may last only x number of years, morally, it may well last forever, depending on the circumstances of the case and the resources of the lender. (valid and honestly declared bankruptcies excepted). So if the man whose conscience is in as an INFORMED state as he can put it concludes that he still morally owes the money and has the wherewithall to pay it, it's beyond the scope or mandate of this forum to dissuade him.

Still, if he decides to proceed, there's nothing preventing him from trying to negotiate a reduced settlement from past lenders; something they may be amenable to given the age of the debts and the fact that the creditors have of necessity written them off by now. As well, he doesn't have to tip his hand to the lenders before negotiating that he has a new found source of wealth.

Ray

Raymond, agreed...

A debt from 1999 is long gone.

I just spoke to a person who had outstanding debts since 1999 and 2000 from a business crash. This person had honorable intentions to repay everything.

His mother just passed away leaving him a sizable inheritance. He said that he wanted to pay everything off with this money.
I said NOOOOO!!! paying those debts off is a was of money and could cause more problems on his credit reports.

These old debts are long gone and written off. He has had R9's on his account for years because of them.

I guess he feels that he has a moral / religious obligation to pay his debts... This is honorable but expensive.!

Thank you very much for your advice Ray. I'll look into that and see what I find. Another question though for you? Where do I go to find out what happened to my debts? I know that back in 1999 and 2000 I saw mail that said they were taking court action against me and I have been to the numerous small claims courts but can't find anything against me? Where have my debts disappeared to?????

They're bluffing you. Surely, those debts are stats barred by now. If they had a judgment against you, they already would've garnished your bank account. But to alleviate your fears, go to your local sheriff's office, give them your name, pay 12 bucks or whatever and have a search for any writs which includes wage garnishees that have been filed against your name. If obtained in another town or jurisdiction, they would have to be tranferred to where any assets you currently own (ie, employment income, real property or automobiles over $5500, bank accounts etc.) can be seized.

Ray

The last time I made a payment was probably back in 1999 or 2000. Its only 1 of many debits that I have from back then but I can't find any of them to find out who got judgments against me.

Hey BaldGuy,

When was the last time you made a payment on your zellers card?

I posted on here a couple of months ago asking about the "Statue of Limitations." I was given advise from Raymond to get a credit report from Equifax and Trans Union which I have done and they were both clear..... Then I went to the Small Claims courts in the 2 towns that I lived in and they had nothing filed against me...... I started a new job that had direct deposit and then all of a sudden I received a letter from a collection agency about money I owed from a Zellers card from back in 1999 and the letter said confirmation of employment and bank accounts. It said that they we're going to garnish my wages and bank accounts..... I again went to both small claims courts and they still had nothing filed against me. So now I was wondering where to go now to find out about claims against me? I know that I owe a lot of money from when I was younger and I want to try and clear everything up but I can't find any claims against me....... PLEASE HELP!!!!!