Unsecured outstanding debts, including many loans, bank cards, catalogues and overdrafts will be statute-barred in normally England and Wales when you can state YES to any or all the following four points:
- it absolutely was a lot more than six years because you last made a payment; and
- the creditor has a reason of action a lot more than six years back; and
- you havenвЂ™t acknowledged the debt in writing during this right time; and
- the creditor hasnвЂ™t currently attended court for a CCJ.
By having a loan that is joint it matters if either of you makes a payment. In the last 6 years if you have split-up, you may think a debt is statute-barred but it isnвЂ™t because your ex has made a payment to it. Continue reading “How do I inform if my financial obligation is statute-barred?”