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Just learnt about a ballooned15 year old CC debt!

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sundaymorningstaple
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Re: Just learnt about a ballooned15 year old CC debt!

Post by sundaymorningstaple » Tue, 03 Oct 2023 2:12 pm

I suggest a visit to a lawyer would be a good starting place.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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PNGMK
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Re: Just learnt about a ballooned15 year old CC debt!

Post by PNGMK » Tue, 03 Oct 2023 7:03 pm

At these levels you should speak to a solicitor.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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malcontent
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Re: Just learnt about a ballooned15 year old CC debt!

Post by malcontent » Wed, 04 Oct 2023 7:40 am

Check with a lawyer to be sure, but it appears that the statute of limitations for collecting unpaid debts in Singapore is 6 years, so by year 7, they no longer have any legal means to collect the debt from you… so long as you never acknowledge that you owe it. However, if today you admit that you owe that money, then the clock restarts and they have fresh legal means to pursue it with you.
Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it - Niels Bohr

JWNYsg
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Re: Just learnt about a ballooned15 year old CC debt!

Post by JWNYsg » Fri, 20 Oct 2023 12:21 pm

Hope all works well for you

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