Unsecured outstanding debts, including many loans, bank cards, catalogues and overdrafts will typically be statute-barred in England and Wales if you’re able to state YES to all or any listed here four points:
- it absolutely was a lot more than six years because you past made a payment; and
- A cause is had by the creditor of action significantly more than six years back; and
- you have actuallynвЂ™t recognized your debt written down during this time; and
- the creditor hasnвЂ™t currently attended court for a CCJ.
By having a joint loan, it matters if either of you makes a repayment. Continue reading “How to inform if my financial obligation is statute-barred?”