Statute Barred debts

Not paying a Statute Barred debt

A Statute Barred debt under the Limitation of Actions Act 1958 (Vic) (“LOA Act”), a creditor only gets a limited amount of time to sue a debtor for a “simple contract”. Most debts arise from …

Debt collector Credit Corp lifts FY profit

Debt collection firm Credit Corp has lifted full-year profit nine per cent to $70.3 million despite a slight dip in collections in Australia and New Zealand. Revenue for the 12 months to June 30 rose …