Statute Barred Debt -

Neither you nor anyone else responsible for the debt has made a payment.

A debt becomes statute-barred once the "limitation period"—the legal timeframe a creditor has to start court action—has expired. statute barred debt

For a debt to become statute-barred, the following must be true for the entire 5 or 6-year period: Neither you nor anyone else responsible for the

However, "statute-barred" does not mean the debt is "cancelled." What is a Statute-Barred Debt? statute barred debt