I would like to ask limitations on credit card debt for Ontario. My daughter has this credit card debt back from 2003 (last time she made a payment). She is trying to clear up this debt now, so she called the lender. She gave them all her current info work etc etc. She advised them she would like to begin paying her debt back. Now she has received a letter of demand to pay the debt off in 10 days or legal action will be taken against her . This letter looks like a copy of most 3rd party tactics where it has an attorneys letter head . What options are here for her ? Do limitation laws apply? Is she obligated to pay it off in 10 days since they won't accept a payment plan? She wants to do the right thing and pay it back or does limitaions protect her from having a judgement placed against her? Any options you could help with would be appreciated... thanks..

Check this one out:
https://www.askmehelpdesk.com/showthread.php?t=23634

The limitations does not apply to her. The limitation period is 6 years.

They are well within their rights to sue her for the entire amount since it is outstanding.

Aah, foiled by the rep spread.

Thank you Captain, for pointing that out. Good eye!

From past experience, I know that a lot of times they will use a lawyers letterhead and threaten you with the sueing possibility, but a lot of times it is not really true and they are just doing there job, to get you to pay the debt owed. They don't care how they do it. Have you tried settling for less than the amount? Sometimes this is an option to pay a portion of what is owed and they call it "settling" and then they will leave you alone. But, word of warning to you MAKE SURE you get this agreement in writing, and if you pay it, get copies of the check or whatever you paid it by. Then make sure you get a letter from them stating they are closing the account and the settlement was paid. Otherwise you cannot get it off your credit, and it could go yet to another credit agency, who will claim ignorance of any knowledge of a "settlement" (trust me, I have been through all of this)