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liability of dept (age of)
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what is the legal age for being liable for dept (16?) also what is the legal age a court can summons for collection of dept?
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For more on marking an answer as the "Best Answer", please visit our FAQ.I was under 18 years of age when I took out the credit
If you were under 18, there are some circumstances when you will not be liable to repay the loan. Usually it depends upon what you bought or whether the loan was guaranteed by someone over 18 (a guarantor). If there was a guarantor then they may be liable to pay off the debt. If there was no guarantor and the court agrees you do not have to repay the loan, you may still have to return the goods.
http://www.advicekit.info/AdviceKit/Debt/Deali ng_with_debt/Do_I_have_to_pay_this_debt/Defaul t.aspx
If you were under 18, there are some circumstances when you will not be liable to repay the loan. Usually it depends upon what you bought or whether the loan was guaranteed by someone over 18 (a guarantor). If there was a guarantor then they may be liable to pay off the debt. If there was no guarantor and the court agrees you do not have to repay the loan, you may still have to return the goods.
http://www.advicekit.info/AdviceKit/Debt/Deali ng_with_debt/Do_I_have_to_pay_this_debt/Defaul t.aspx
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