Originally posted by CUK1357819
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Generally, the cause of action, which is the time from when the Limitations period start and is calculated, begins from when you become in default of the repayment terms.
If you're not in default, ie the lender has asked you to repay and you havent done so, the provisions of the Limitations Act have not yet been invoked. Further, if you acknowledge the 'debt' in any way at any time during the Limitations period, the clock is re set from that date and the 6 year calculations starts again.
Different provisions apply to Scotland.
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