Prescription and Limitation (Scotland) Act 1973
This act governs how long a creditor has to take action against you to recover the debt.
The myth that they can’t pursue you after 5 years is WRONG!
The act sets out the time limits for different types of debts in Scotland; these vary between 5 and 20 years.
Before acting you should seek independent advice as all of the criteria have additional conditions attached.
The experiences of people just like you and what can be done to improve your situation, no matter what the starting point is.