Under Scottish law, if a lender allows time to pass without receiving any payment an action for recovery may become barred under the Prescription and Limitation (Scotland) Act 1973. These instructions do not apply to debts in Scotland. You have not communicated with the creditor admitting you owe the debt during the last six years.Īfter six years if the creditor makes contact with the debtor and asks for a payment, the debtor does not have to pay them.You, or anyone else owing the money (on a debt in joint names) have not made a payment on the debt during the last six years.
The creditor has not already obtained a judgment against you The act states that unsecured debts, such as credit cards, store cards, overdraft, bank loans and catalogues, become “statute barred” if there has been no contact between the two parties within a six year period. All creditors have a fixed period of time, as stated in the Limitations Act of 1980, in which that they can pursue a debtor for a debt.
