0
Can a creditor try to collect the debt for a car that was repossessed six years ago?
Wiki User
∙ 17y ago
Yes, there are not time limits in which a collector or creditor can pursue the recovery of monies owed. All US states do have SOL's relating to the time a credior has to file a lawsuit against the debtor.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
Is there a limit to how long a creditor can try to collect a debt in England?
it was that if the creditor had not tried to collect within 7 years it was expired
What is the length of time a creditor can collect on a debt before it is wrote off?
6 years
What if a creditor is not on your credit report but trying to collect a debt?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
Can a creditor collect on a credit card debt over 8 years old?
Probably; it depends on the laws where you live.
Can you stop a creditor from selling your account once you have filed bankruptcy?
No. The bankruptcy is to stop anyone who has a right to collect a debt from being able to collect, called the automatic stay. If the debt is listed in the correct debt owner's (creditor's) address and it is discharged, it does not matter who owns the debt.
How long can a debt collector collect a debt from a judgment if you have moved to South Carolina?
Moving has no affect on a debt. The creditor or his agent the collector may collect against a judgment for ten years from the date of judgment or the date of last payment, which ever is later.
What is the statute of limitations in on medical bills in Kentucky?
Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
What is the statute of limitation in Minnesota for debt?
The length of time in all states of the US for a creditor to collect on a debt is seven years from the date of last payment, OR in the event a judgment has been obtained the creditor has ten years from the date of judgment or last payment, which ever is later.
Can a secondary collection agency collect on a charge-off when the debt is over 3 years old and the original creditor has declared bankruptcy?
More than likely. Three years is not long enough for an SOL to expire. What probably happened was, the account was bought from the creditor, which is common practice. The BK of the original creditor, has no relevancy if the debt was sold.
What is does it mean for an original creditor to recall their collection?
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
Can a debt collector call 7 years later and ask you to pay 9000 on a repossessed car?
Yes, or 20 years later, there is no time limit on when a debt can be pursued for collection. There is however, a statute of limitations on when a creditor can file a lawsuit to recover monies owed.
Can creditors contact family members in an attempt to collect debt?
Yes, they can. Under the Fair Debt Collection Practices Act, the creditor can call family members or neighbors in an attempt to collect a debt.
