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Do statute barred rules apply to 'private/friends' loans
Comments
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No. Once a debt is statute barred it stays that way. Permanently. For ever. No matter what you do.
That is quite clear in the Act.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
The Limitation Act 1980:
"... a right of action, once barred by this Act, shall not be revived by any subsequent acknowledgment or payment."Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
have to agree, regardless of the legal side of this you really should start paying the person back, regardless if its just £10 a month if that is all you can afford.Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked0
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