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How is the 6 years determine for statute of limitations on debt?
Wiki User
∙ 10y ago
The limitation varies from state to state. The time frame is figured from the last acknowledgement of the debt, a payment or even an agreement.
Wiki User
∙ 8y ago
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What is the statute of Limitations for debt collecting from a deceased person in the State of Kansas?
The statute of limitations for debt collecting from a deceased person in the state of Kansas is ?æfive years. However, the statute of limitations for debt collection will vary in other states.
What is the statute of limitations in Maryland for debt collection?
Three years.
What is statute of limitations on debt in Trinidad and tobago?
4 years
What is the statute of limitations on a credit card debt in ny?
4 years
What is the statute of limitations in connecticut for credit card debt?
7 years
Statute of limitations credit card 15 years old North Dakota?
In North Dakota, the statute of limitations for credit card debt is typically 6 years. After this time period, the creditor may not be able to sue you to collect the debt. If your debt is 15 years old, it is likely past the statute of limitations and you may not be legally required to pay it. However, it's important to be cautious, as making a payment or acknowledging the debt could restart the statute of limitations.
If you have a judgment in your name and make a payment after four years does this extend the statute of limitations?
Making a payment on a judgment after four years typically does not reset or extend the statute of limitations on the debt. The statute of limitations is the time limit for legal action to be taken on a debt, and it is usually based on when the debt first became due. Making a payment on an old debt will not usually restart the clock on the statute of limitations. It's important to check the specific laws in your location to be sure.
What is the statute of limitations in NJ for collecting a judgment debt?
no statute of limitations on judgements
How long can a debt be collected by a debt agency in Wisconsin?
The statute of limitations starts on the date of the last activity on the account. So, making any payments at all restarts the statute of limitations period. In Wisconsin, the statute of limitations is 6 years. After that, they cannot collect.
What is the statute of limitations for debt collection in Michigan?
There is no statute of limitations for debt collection in Michigan. You can continue to collect as long as the debt is owed. The debt can be sold as well.
Is there a statute of limitations for a house lien in Texas?
No there is not statute of limitations. The lien serves as notification that a debt is owed and secures that debt.
How long does a debt have to be inactive before it is past the statute of limitations in Tennessee?
It will take 7 years before the statue of limitations will be inactive on a debt in Tennessee.
