2007-02-13 07:33:30 · 4 answers · asked by m.ogilvy 1 in Business & Finance ➔ Credit
Acording to the statue of limations act criedtors or banks have up 2 6 years to file a ccj ., if not then i belive it may become statue barred i just need comformation in regards to this
2007-02-13 07:59:57 · update #1
Acording to the statue of limations act criedtors or banks have up to 6 years to file a ccj ., if not then i belive it may become statue barred i just need comformation in regards to this im talking about the united kingdom
2007-02-13 08:00:24 · update #2
no you still owe them debts do not disappear you have to either pay them off or file bankruptcy
2007-02-13 07:39:19 · answer #1 · answered by Rainy 5 · 0⤊ 0⤋
What you're considering is that some thing can proceed to exist your credit record for 7 years previously it falls off. difficulty is in case you dont pay it, they have the right to proceed to assemble and to save reporting it on your credit. in case you've been to pay it then it would fall off afte 7 years. This debt will continually rear it is ughly head. trust me, i artwork in banking. You wont be able to purchase a house with out paying the debt off first, if it is also a danger to get a private loan, which will be not likely because the series will carry your score down. also have worry getting a vehicle financed and charge playing cards in the destiny. perfect purely to attempt to make some preparations with them. they are going to in additional than a number of circumstances artwork with you to take besides the reality that you could arise with the money for month-to-month. there is no statue of barriers on debt.
2016-11-27 20:48:15 · answer #2 · answered by mguyen 4 · 0⤊ 0⤋
of course you still owe money, if you used a loan or a credit card for instant that debt never goes away.
2007-02-13 07:41:38 · answer #3 · answered by Dani021 2 · 0⤊ 0⤋
Nicely presented question.
Yes you still owe the money dead beat.
2007-02-13 07:40:44 · answer #4 · answered by Culture Warrior 4 · 0⤊ 0⤋