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What is the statute of limitations UK
Manage episode 444873200 series 3602995
Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
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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