Time-barred debt is money you have borrowed and didn’t repay but which is no longer legally collectable because a certain number of years have passed. Time-barred debt is also known as debt that is beyond the statute of limitations.

When a debt is statute-barred it still exists legally, but because you cannot be taken to court for it, you do not have to make any payments to it. The limitation period begins when the creditor has a cause of action – this is the point at which the creditor could go to court for the debt.

Our Advocates will first check if your debt is time barred or not before we start negotiating your settlement. If it is time barred and you want to improve your credit score for future borrowing, then our Advocates will be able to obtain a favourable settlement with good discount and credit clearance.

The time a debt become time barred will depend upon many factors that our Advocates will check and advice.