90,000+ Legal Questions Answered
VRY OLD CREDIT CARD DEBT
3 years ago
Is my 10/12 year old credit card debt 'time-barred' and do I have to pay or respond to collection calls now?
A.Dear Sir,
If you do not resist they may sit on your throat and recover the same. Get issue a strong legal notice as it is time barred debt and threaten to approach media and highlight their mischievous acts in recovering time barred debts.
If you do not resist they may sit on your throat and recover the same. Get issue a strong legal notice as it is time barred debt and threaten to approach media and highlight their mischievous acts in recovering time barred debts.
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
You are liable to clear your debt irrespective of the time period before which the debt accrued.
You are liable to clear your debt irrespective of the time period before which the debt accrued.
Helpful
Helpful
Share
A.Hi,
You will have to pay the debt as there is no time bar for debt acquired.
You will have to pay the debt as there is no time bar for debt acquired.
Helpful
Helpful
Share
Ankur Goel @ Complete Law Shield
Responded 3 years ago
A.time barred until and unless there was regular communication.
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
Helpful
Helpful
Share
Read Related Answers
My friend stood as guarantor to a chitfund company
Dear Sir,
The legal heirs of deceased that is wife is not a signatory to such guarantee paper. Get all the relevant papers maintained by the Chit Fund and approach the Civil Court and get a stay order...
Threatened
Dear Client,
When you joined the coaching institution accepting their terms and conditions, you should have informed the Coaching Institute about your cancellation or discontinuation of the coaching t...
I was unable to pay the dues of loan. The pocketly employees are abusing
Dear Client
When you have taken the loan then its your duty to repay the same and in case you are not in a position to pay due to any reason then you should let them know that you cannot pay now but y...
Instanova loan
Dear Client,
In the given situation, if you are confident with your loan status, you may file a complaint against the Bank to the regulatory authority RBI online on its grievance redressal portal und...
Took money based on lies
Dear Client,
In the given scenario, you can serve a legal notice to the person to whom you lend your money and if you possess sufficient proof in support of your claim you can file suit for cheating a...
Read Blogs on Debt Collection
Debt Collection Lawyers
Find Lawyers by Location