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It is unlikely that they can sue after the statute of limitations has expired. However, when the time starts is going to be in contention.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoNo it no longer applies. The statute can start running again at that point. If they don't collect in the appropriate time frame, it will go away.
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Is there a maximun on credit card debt for the statute of limitations to apply?
The statute of limitations is how long a collection agency can collect and sue or the debt. It makes no difference how much or how little the amount is. The only limitations are time.
What is the statute of limitations for a creditor to sue for a debt in the state of Colorado?
http://www.expertlaw.com/library/limitations_by_state/Colorado.html
What is the statute of limitations in NJ for collecting a judgment debt?
no statute of limitations on judgements
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.
Can you be sue for charge off account?
Yes, if the debt is not barred by the statute of limitations. In addition each state has different rules on the timeframe.
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.
How long before credit card company sues for nonpayment?
Generally, it will sue (or sell the debt to someone who will sue) within the statute of limitations for suing on a credit card debt in your state. This is often 5 years, but it can be less or more.
How many years does a credit card company have to sue a consumer for a debt in Texas?
Indefinitely!! However that "statute of limitations" is different per state. These limitations prevent an agency from suing you or reporting your debt to the credit bureaus if the age of the debt is too long. Here's the limitations per state: http://www.nolo.com/legal-encyclopedia/statute-of-limitations-state-laws-chart-29941.html Experience: I own a collection agency.
Does making a payment on credit car debt toll the statute of limitations?
If you mean the length of time the card company has to sue for the balance due, . yes.
What are the statute of limitations on unpaid fine for harassment in Alabama?
Fines have no statute of limitations. You have received full notice of the debt.
What are the statute of limitations of debt in India?
what are the statute of limitation of debt in india gujarat for NBFC housing finance company
