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What is the statute of limitations UK
Manage episode 444873200 series 3602995
İçerik Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
Debt is a common aspect of most people’s lives. Whether it’s credit card bills, student loans, or medical expenses, it’s not uncommon to owe money to various lenders.
However, what happens when you are unable to pay back that debt? Can creditors come after you indefinitely? The answer lies in the statute of limitations on debt collection.
The statute of limitations on debt collection is a law that sets a time limit for creditors to take legal action against a borrower for unpaid debts. This time limit varies depending on the type of debt and the state in which you reside. In this blog, we will dive deeper into what the statute of limitations on debt collection is, how it works, and what it means for you.
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