When you delay in payment of the loan amount or, worst case, fail to pay off, the creditors have legal rights to hire debt recovery agencies for collection.
Going by the legal book definition – A Statute of limitations is the period an individual can avail to take any legal action for a particular event. However,
A number of unsecured loans such as high credit card debts balances may put you into financial stress. In such situations, you may want to reduce the load