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Null is an English word meaning 'nothing' or without value or consequence. It is derived from the Latin word nullus meaning 'none'

I should think most all debts continue to grow unless they are paid on...in which case they become null only when they are paid in full.

If for some preposterous reason reason your thinking your debts have a time limit and are then forgiven: No - if you ignore them they just don't go away. (If that was true, I assure you - almost no one would feel compelled to pay it back.....and absolutely no one would give a loan or credit).

Another Answer:

Often debts are ruled uncollectable after a specified number of years, IF there has been no legal attempt to collect it. The period of time would be dependent on the Legal Jurisdiction that the debt occurs in.

Check with a lawyer in the area in which you live.

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Q: How long before a debt becomes null?
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