I heard that after 5 years any money you owe will be written off? Is this actually true? Explain?




We can help you consolidate your existing debt into one manageable amount to pay each month.

5 years from the date you got the credit card/loan? How does this work exactly and who do you speak to? If it is possible to have it cleared how can you then clear your credit rating somehow so that past debt is listed on your new credit score?

 I heard that after 5 years any money you owe will be written off? Is this actually true? Explain? on Yahoo answers
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Last Updated on: 6. January, 2009 Developed by Milldo