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You may be liable for a debt over 6 years old, depending on where you live. The debt statute of limitations (SOL) varies by state. Remember that the SOL starts on the date of the last activity on the account. This means if you make a partial payment on it, the SOL clock starts over! Get the SOL info for your state below-
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∙ 13y ago
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Do you have to pay a debt that's over 5 years old?
Yes
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.
How is 13 years old?
Thats a interesting question. 13 years old
Can a creditor collect on a credit card debt over 8 years old?
Probably; it depends on the laws where you live.
Can a debt be collected after 17 years?
In the United States, the statute of limitations on collecting a debt varies by state but typically ranges from 3 to 10 years. After this period, the creditor may no longer legally sue you for the debt, but they can still attempt to collect it through other means like contacting you for payment. It's important to check your state's specific laws on debt collection for accurate information.
What are the South Carolina statute of limitation for landlord bills?
No debt over seven years old, from the date of last payment, is collectable. In the event a judgment has been granted to the creditor, no debt over ten years old, from the date of last payment, is collectable. This is of course by involuntary means, and is regulated by Federal Law.
Is it better to pay a five year old collection or just wait seven years?
Wait the 7 years. This is why. When you pay on an old debt like that the file starts all over again and even though you paid it its still a bad debt it will not help your credit any.
If your daughter is over 24 years old can you stop paying child support if the debt is over ten years old. I have read that Wisconsin has a statute of limitations of 10 years. Is that correct?
YES you can stop because she hasn't been a kid for 5 years, you should have stoped 5 years ago.
How old was Marie Curie when she was a professor?
Two years old. Thats how clever she was.
Are you over weight if im 165 and a 11 year old girl?
yes im 6,3 and 16 years and thats more than me.
What is the statute barred limit in South Africa for old debt?
3 years or when the debt already had it birthday
Can a doctor collect a debt more than 2 years old?
yes..... a doctor can collect a debt for more than 2 years
