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    jayman's Avatar
    jayman Posts: 2, Reputation: 1
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    #1

    Mar 31, 2007, 09:54 PM
    Staute of limitations in brithish columbia for loan
    In 1996 my grandfather got me a loan in my name and he cosigned.in b.c long story short my life went in the wrong direction. My grandpa paid my payments until he died. When he died I told the bank I could not pay the payments. Have not herd a word in 11 years. Now third party collection contacts me in alberta. Saying to give them 6,000 is there not a time frame?

    Thank you jayman
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Mar 31, 2007, 10:43 PM
    Yes there is a SOL.

    Question, what KIND of loan is this?

    For a house? A car? A general loan? Secured by collateral?
    jayman's Avatar
    jayman Posts: 2, Reputation: 1
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    #3

    Apr 1, 2007, 08:49 PM
    Well it could have been general or a car loan. He got the loan for me to get a car but never
    Specified. And no it was not secured with any collateral
    jayman
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #4

    Apr 1, 2007, 10:07 PM
    Take a read through BC's Limitations Act

    Limitation Act

    Section 3.
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