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Can a lawyer collect on a debt if the debt is over 8 years old?
Wiki User
∙ 15y ago
Hello,
Please search in Google for State Statute of limitation.
I could have answered that, if i knew which type of debt it is and which type of contract you have along with your state.
You should get the answer, there are a lot of websites that have State Statute of limitation.
Thanks!
Wiki User
∙ 15y ago
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Can a creditor collect on a credit card debt over 8 years old?
Probably; it depends on the laws where you live.
What is the Illinois Statutes of Limitation for the credit cards debt and the tolling?
They have to collect your credit card debt within 6 years for most accounts. Most credit card companies will try to collect a debt over a certain amount, like a thousand dollars.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
Can Landlord sue for rents over 5 years ago?
It depends on the jurisdiction. In some places they have up to ten years. Under the Federal Fair Debt Collections Practises Act, he has seven years to sue for an unpaid debt. If successful, he will have ten years to collect it, and a fair number of option for collecting it.
Can an out of state debt collector sue you?
Yes, an out of state debt collector can sue you. Many debt collection agencies collect for companies located all over the country.
What happens to a collection account After 7 years to a collection account?
Typically, after 7 years, the debt becomes time barred. It would come off of your credit report. If you have had any contact with the creditor or collector within that past seven years, you could have re-affirmed your debt. This means the debt could start all over from that date, if you made any statements to the effect of being responsible for the debt in question. If it's been over 7 years, they can still attempt to collect from you, however you couldn't be sued.
Can collection agency collect on a 20 year old credit card debt?
If they got a court order within 7 years of you getting the debt then they can but the amount of time and money they would have to put into it would make it impractical to do this unless you owe over $200,000. If they didn't get a court order within 7 years then the debt completely goes away.
In SD you had an unknown debt from the city 21 years ago now a collections agency has the debt and says you must pay it do you have to pay a debt that old?
No, Statue of Limitations expired, last desperate attempt to collect the debt. If they get you to pay even 5 dollars they got you right back again. meaning Statue of limitations starts all over again
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.
How long does a business have before turning the debt over to a collections agency?
The sooner you turn an unpaid debt over to collections, the better the chance of recovery. I would not suggest any debt over 3 years old. If it is a credit reporting agency, the debt will remain on the debtors credit report 7 years from the dilinqent date.
Over the past fifty years the national debt has .?
Risen Steadily
Do you have to pay a debt that's over 5 years old?
Yes
