After reading the act for NS it is quite different then Ontario.

There is no time limit for making an acknowledgment in writing and signed either by the party or their agent. Unlike Ontario where it must be done prior to the expiry of the SOL no such provision is given in this act. And the acknowledgment then increase the time to 20 yrs.
So any time after the 6 yrs you still reopen the can of worms.
Essentially there is no SOL.
As I read it the SOL is only good if you never acknowledge either in writing or by making a payment.
Ontario's is very specific that an acknowledgment must be made before the 2 yrs is up.

Lindsay,

Best for you to listen to Hank on this one.. Avoid offering any written acknowledgement of this debt for the first 6yrs from the date you defaulted, made your last payment, or, last acknowledged the debt in writing. See below, pulled from this nice litle site that summarizes the limitation periods for debts in Canada: http://credit-collections.ca/statute-of-limitations-on-canada-debts/

Nova Scotia – Limitation of Actions Act, R.S.N.S. 1989, c.258, s. 2(1)(e). sets 6 years as the limited for debt. However, within 4 years of expiry of general limitation period, court may disallow the limitation period, having regard to circumstances of the case – Listed are enumerated factors to consider including date of “discovery” of claim.

I haven't gone to court yet an I have heard nothing other then from the lawyer wing very rude an telling me I can't make a payment plan I have to pay it in full or ill be payin the court fees on top of everything

Well I got a letter today from a lawyers office of Paul Kupferstein tasting I have 10 days I've tried talking about payment plans n they will not listen what do I do?

Well I got the call back today from the lawyer. Their sueing me an serving me with papers an I told him I don't have a job but have people willing to help me make payment plans n he said well good get the money from them an pay off your debt I said they don't have $869 but are willing to help me with a payment plan an he wouldn't hear it n told me he'd see me in court.

But they tell is they are lawyers an i asked him about payment plans an he told me no im not aloud to i have to have the payment in full!

I'm having a same trouble i live in Nova Scotia And i got a phone call today from a Lawyer stating if i didnt pay $869 in 24 hours they were charging me! What do i do i asked about payments n he told me not im not aloud to make payments an im not aloud to deal with the store no more! I have no idea what to do. I am not working at all can only make payments but doing odd jobs here and there! I'm so beside myself right know cause i do not know what to do!

The only thing I know is that this compnay is still opertaing in ontario but not for pay day loans they offer prepaid master cards and bank accounts and u can apply for something called a line of credit up to 2000 but no idea how u get the line of credit I also dont know if the head office of insta loan can actual sue or they have to pass it off the people are just being ahole saying pay up or we will start to garish your pay cheque your next pay day which for me is april 5th I also knwo they have had no negative reports on my credit report in jan my frig died and I went to dufrense and got one no payments for 60 days and to qualify they ran a credit check on me and nothing came up other wise I couldnt have done the frig deal Frig was on sale real cheap I got a good deal So on monday when they call will ask them about a settlement statement and see what they tell me

so peole stay away from insta loan and the cash store

I ran a credit check and nothing is on my credit report as of yet The main reason Insta loan and the cash store cant do pay day loans any more in the province of Ontario is 30 people from these companies got together and filed a law suit claiming they were over charging people on there loan pay backs manitoba was the first province to have there license pulled so cash store and insta loan cant go pay day loan in maniotba or ontario not sure if any other province have followed suit The problem is I dont have a 1300 lump sum I can come up asap I have around 700 I can offer but that wont be able to be paid out till may when I can save some money and also when I get my refund back so payment plain with a settlement offer is all I can do i dont think they will be willing to settle in may for peanuts the head office in edmonton of these companies are ass holes