Singapore Expats

Just learnt about a ballooned15 year old CC debt!

Discuss about life in Singapore. Ask about cost of living, housing, travel, etiquette & lifestyle. Share experience & advice with Singaporeans & expat staying in Singapore.
Post Reply
User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40532
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

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

User avatar
PNGMK
Moderator
Moderator
Posts: 9247
Joined: Thu, 21 Mar 2013 9:06 pm
Answers: 11
Location: Sinkapore

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!

User avatar
malcontent
Manager
Manager
Posts: 2962
Joined: Sat, 22 Dec 2007 11:52 am
Answers: 9
Location: Pacific Rim

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.
It is impossible for a man to learn what he thinks he already knows - Epictetus

JWNYsg
Regular
Regular
Posts: 144
Joined: Wed, 04 Apr 2018 12:33 pm

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

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Staying, Living in Singapore”

Who is online

Users browsing this forum: No registered users and 2 guests