law

[honey bunch]

is there any law that states a debt is discharged after 2 years if the bank/credit card company have not contacted the debtor?

[divegirl]

hi honey....this is in the wrong section..... try law

Lisa x

[Loosehead]

No a debt is never discharged by law. It can be effectively "discharged" by the creditor when the creditor decides to not pursue it. There is no time limit though the creditor must reaffirm interest in collecting the debt at least every 6 years

[honey bunch]

many thanks loosehead

[themas]

To clarify - the debt exists until it is paid, or written off by the creditor. But if there has been no contact or acknowledgement of the debt for 6 years (or 12 years for secured debts) then the creditor cannot take legal action to recover the debt unless they obtained a CCJ before the 6 years was up.

[honey bunch]

many thanks themas Glad it is not my debt!!!!