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Statute of Limitations For Debt (UK Laws)

People facing debt: Could you write off some debt? Get started here: https://moneynerd.co.uk/get-debt-opti... Learn about the Statute of Limitations Act in the UK and how it could affect your debts in this informative video. The Limitation Act 1980 outlines time limits for creditors to pursue debtors for their debts, including unsecured debts such as credit cards, personal loans, and utility arrears. Discover exceptions to the rule, and how to handle creditor communication if your debt is statute-barred. Read more about the Statute of Limitations here: https://www.moneynerd.co.uk/statute-l... The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great. MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.