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7 years in the UK and you are no longer required to pay it

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Q: How long before debt is cancelled in Louisiana?
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How long does a debt stay on your record?

How long before they take debt off of your report is 7 or 10 years.


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.


How long before he reading of the will in Louisiana?

There is no requirement for a reading of the will. That is a fictitious concept.


Your lender cancelled your loan after you signed the documents during the recission period is this legal?

It is so long as he does it before he he gives you anything.


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If I dont pay my bad credit how long before it legally becomes void?

There is no statute of limitations on debt. If you owe it, you always owe it, unless the debt is 'discharged' during a bankruptcy proceeding.


How soon can a vendor send a client's account to a collection agency?

There is no law that restriction how long a creditor or business must hold a bad debt before forwarding it to a debt collections agency.


What is the statute of limitations in Louisiana on medical bills?

In Louisiana they have set medical debts documented in writing at 10 years. That gives them a very long period of time in which to collect. And it will be measured from the last acknowledgment of the debt, payment or letter from the person who owes.


Is there a statute of limitations regarding how long collection agencies have before initiating collection actions?

Depends on the debt and state. Check http://www.fair-debt-collection.com/SOL-by-State.html#36 for answers.


How long before a debt gets wiped clean?

It is common belief that after seven years your debt gets wiped clean from your consumer credit report that is reported to all major credit agencies.


What happens when you do not pay your credit cards?

That is totally dependent upon the creditor. The account will eventually be charged off, and then either referred to a collection agency, sold to a third party collector, or cancelled as a uncollectible. Unless a debt is cancelled it is subject to collection procedures. The debtor can be sued for monies owed as long as the debtor's state's SOL for the filing of such litigation has not expired.


How long after someone dies can bill collector demand money from an Estate in Michigan?

As long as the estate as open. Typically the estate will be closed long before they have hit the statute of limitations on debt.