Can a loan be written off under a 6year consession rule,if youve had no contact with the lender,in over6years?

If you have a (commercial) loan for something, with a company, can you ask for the debt to be written off, if the Lender has made no contact with you in over 6 years?What if the Lender then sells the loan to another company and they try to get it bck from you, does the six year concession rule still apply to the original loan?

Answer:
If it is as described, then the Statute of Limitations will apply, assuming you haven't deliberately tried to hide from the lender.
If they've taken all reasonable steps to locate you because you've absconded, the debt may still be recoverable.

ask Citizens Advice

actually its six years and one day.

Put it this way, if you tried to reclaim the overdraft charges from your bank they will state that charges over 6 years are dead, whats good for the goose is good for the gander. after 6 years they are dead

LoansGood.com

Can a loan be written off under a 6year consession rule,if youve had no contact with the lender,in over6years?

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