In Peru, there is a high number of people with unpaid debts. According to a research carried out by the University of the Pacific, more than 8.5 million Peruvians They do not comply with their payments within the stipulated period.
In the financial sector, debts can become a considerable burden for many people. However, it is important to know that these obligations are not permanent. In Peru, the Civil Code stipulates a specific period after which debts are due. debts expire, meaning they can no longer be legally claimed. Knowing the current laws is crucial to properly manage this process.
The Superintendency of Banking, Insurance and AFP (SBS) plays a vital role in this area, overseeing and regulating the financial system, ensuring that institutions comply with regulations and protect the interests of consumers. Understanding how debt prescription works can help you better manage your finances and make informed decisions.
Debt prescription: how long must pass before you are no longer obliged to pay a debt?
La República spoke with Cristian Cáceres, a lawyer who graduated from the San Martín de Porres University, to address the issue of debts in the financial system. “A statute of limitations means that your creditor can no longer legally collect from you,” said the master in public management. “The debts with entities or companies of the financial system, the statute of limitations is 10 years,” said the expert.
According to Cristian Cáceres, it is possible to remove these debts of the systems. “A debt “The fact that it is prescribed does not mean that it never existed. If for some ethical or moral reason I want to pay it, I can do so. Since it is a legal issue that makes it impossible to collect, you can request the SBS and these systems to delete it once it is prescribed, but this is not an automatic process,” he explained.
This is what the Civil Code says about the statute of limitations on debts
The Civil Code determines that the debts They expire after 10 years, at which point they cannot be claimed in court. However, it is important to note that this period does not affect the visibility of the debt at the Risk Center of the Superintendency of Banking, Insurance and AFP (SBS), since the debt record is still active.
SBS offices in Lima
These are the customer service offices SBS in Lima:
San Borja (Indecopi Office)
- Address: 104 Prose Street
- Schedule: Monday to Friday from 8.30 am to 1.00 pm-2.00 pm to 4.30 pm
- To see the map of the San Borja headquarters, click HERE
San Isidro
- Address: May 2nd Ave. 1475
- Schedule: Monday to Friday from 8.30 am to 5.00 pm
- To view the map of the San Isidro headquarters, click HERE.
San Isidro (Reception Desk)
- Address: May 2nd Ave. 1511
- Schedule: Monday to Friday from 8.30 am to 4.30 pm
- To view the map of the parts table, click HERE.
Source: Larepublica
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