Credit and Debit Cards
Can a collection company or law firm that has bought an old unpaid charge-off credit card debt that is past the statute of limitations file a small claims lawsuit against you?
Asked in Debt Collection
How long can a collection company try to collect on an account?
Asked in Health, Personal Finance, Hospitals
What is the statute of limitations on having to pay hospital bills in Idaho?
Asked in Statutes of Limitations, Sales Tax
Statute of limitations on Indiana unpaid sales tax?
Can a credit card company collect on a debt over seven years old?
When a collection agency buys a debt from a credit card company does a new statute of limitations start from the day it was purchased or does the collection agency's statute remain the same?
The statute of limitations starts counting immediately when you made the last payment to either the credit card company or the collection agency. If you ever make a payment to either of them the statute of limitations will start over. If you have not made any payments to the credit card company recently and the credit card company sells the debt to the collection agency, the collection agency's statute of limitations will be from the date that you last paid the credit card company. Furthermore, if the statute of limitations is over and the collection agency continues to keep collecting the debt, you can send them a letter (certified is the preferred method) to stop all contact with you. Under the Fair Credit Reporting Act (FCRA), they would be required to stop immediately upon receipt of the letter (unless they are taking legal action in a court then they can send you legal notices only). If they do not stop, you are entitled to collect monetary damages as outlined in the FRCA. This does not stop the collection agency from reporting to your credit report. Your credit reporting falls under a different set of rules which basically removes most collections debts (except for court judgements) after 7-10 years.
Asked in Disability Insurance
How long do you have to file suit against a insurance company for dening medical disability insurance?
Asked in Health, Debt Collection, Hospitals
Can an unpaid hospital bill go against your credit?
Yes, definitely. Although, it will only show up on your credit report after the hospital has proceeded to turn the debt over to a collection company and the collection company obtains a default judgment against you. At that point, it will show up on your credit as a derogatory public record/lien/judgment.
BF won a judgment against you for a collection The collection company has garnished your checking account you cannot pay bills or anything your account is frozen This is causing you a financial hard?
Asked in Mortgages, Home Equity and Refinancing
What is proof can i use for a title company that a judgment has been paid?
In Texas what is the statute of limitations for a finance company or collection agency to sue you after a car has been repossessed?
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
If a collection is sold to a new company does the 7 years start over?
Will having a payment plan with a collection agency greatly reduce your credit score?
No. Once a person is being threatened by a collection agency, there is a high liklihood that the damage to the credit report is already done - a chargeoff or collections transline will already be in your credit report. Having a payment plan merely gets the debt paid and on-time payments are usually NOT reported (however, if you miss a payment, that company can and will send a negative tradeline to further damage your credit reputation).
Is there a statute of limitations in Texas for an insurance company to pay for the medical bills?
Asked in Debt Collection, Statutes of Limitations
Can a collection agency collect on a debt that is past the statute of limitations?
There is a federal law entitled the FDCPA. Any time you have a collection question you should search for the answer there first. An agency can attempt to collect the debt that is out of statute but they have no way of legally enforcing payment. Many times a person will pay an outstanding bill when its out of statute because they are not aware there are statutes of limitations. Sometimes a bill collection company will not even know that the statute tolled on the debt. Many times the client does not give the agency proper information purposely or by accident.....
Asked in Music, Statutes of Limitations
What is the statute of limitations on music piracy if the music collection is kept?
There are actually two statutes of limitations for music piracy. One is the civil statute of limitations, which is how long you can be sued by the music company, which is 3 years. The other is the criminal statute of limitations, which is how long you can face criminal prosecution for the crime of music piracy (copyright infringement), which is 5 years. These two statutes of limitation are found in 17 USC §507. Note that the fact that you kept the music collection is irrelevant. Courts have ruled that piracy is not a "continuing tort;" what this means is that the statute of limitations starts at the time you commit the theft. Therefore, you can be sued for 3 years or prosecuted for 5 years after you have stolen music, even if you HAD deleted the music.