Is there a statue of limitation on moneys owed (debt) to a business like credit cards and mortgage line of credit in BC Canada
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Is there a statue of limitation on moneys owed (debt) to a business like credit cards and mortgage line of credit in BC Canada
Hello fly:
There is NO statute of limitations on debt. If you owe it, you owe it forever. There is, however, a time limit beyond which you can't be sued. You didn't aks how long it is, and I don't know anyway. One of our Canadian experts will be along shortly.
excon
Yes on Credit cards there are, mortgage lines of credit, are just that, if you don't pay it is tied to your home, and they can keep a lien on your home forever until it is sold.
Thanks a million helps a lot :)
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