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Is a Debt Written Off After 6 Years? (Statute Barred Loophole) 

MoneyNerd
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People facing debt: Could you write off some debt? Get started here: moneynerd.co.uk/get-debt-opti...
Read more about Debts being written off after 6 years here: www.moneynerd.co.uk/is-a-debt...
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.

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21 фев 2024

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Комментарии : 4   
@MoneyNerd
@MoneyNerd 4 месяца назад
If you're in debt and you want to understand how to write off debt, watch this next: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-8cZRDCktGsE.html
@fatbelly27
@fatbelly27 4 месяца назад
Did you mention that this only applies to England/Wales? Did you explain the cause of action? Did you explain the parallel rule re 6-year drop-off on your credit file? I would not call this a loophole. It's part of your statutory rights.
@natsdaley9615
@natsdaley9615 5 месяцев назад
Some debts aren't council tax hmrc
@fatbelly27
@fatbelly27 4 месяца назад
There is equivalent legislation re council tax but in practice most councils get a liability order within a much shorter period than 6 years.The Limitation Act would apply to HMRC if they were to attempt court action but in practice they do not need to
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