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Alert - Statute of Limitations in Ontario

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Is it really the case that a default on a debt is erased from your credit record after 2 years?
In the UK, I believe it is 6 years, although I think the period for legal claims is similar.

He's not talking about his credit file, he is referring to the amount of time a creditor has to start court proceedings and obtain a judgment against him.

Without a judgment his wages cannot be garnished.
 
don't offer shit, unless you want to throw money away.

They gambled that you would pay them and make them money. But you're a gambler yourself. They lost. game over.

And the lesson is the sooner you stop paying them the sooner the statute takes effect.