Did you know there are certain conditions for some debts which means you may not have to pay back the debt you owe?
At ClearDebt we don’t see ourselves as just an ordinary IVA company. Even if an IVA (Individual Voluntary Agreement) or a DMP (Debt Management Plan) isn’t for you, we still want to provide useful information and debt help to enable you to work towards a debt free future.
The Limitation Act 1980 states how long a creditor can pursue you for an unpaid debt. According to this act, if you have a debt that’s six years old or more, and it’s a debt that you haven’t been chased for, or previously had any contact regarding it, or acknowledged it in any way, then you may not have to pay it.
Continue to the ClearDebt debt advice guides and read more about the Limitation Act 1980 and how it could help you with your money worries.
Alternatively, if the Limitation Act 1980 can’t help you with your debts, why not try the ClearDebt online debt analyser which can give you an instant assessment of the best debt solution for you.
