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I have discussed this with my debt collection agency and I have reviewed the Texas statutes. I am NOT an attorney, but here is what I have learned.

It is my understanding that you can attempt to collect a debt, or indeed can refer someone to collections, at any point. If the debt is owed, you may seek to pursue it. There is no statute of limitations for any attempts to collect.

However, the statute of limitations for bringing suit is defined by the Texas Civil Practice and Remedies Code, Chapter 16, Subchapter A, Sec 16.004 which provides a four-year limitation on bringing suit. This clock starts to tick from the day the debt is iincurred.

The Texas Finance Code, Title 5, Chapter 392, Subchapter D lists what types of tactics (threat, coercion, etc) are not allowed at any point in the debt collection process. These cannot be practiced by you or by your debt collection agency.

In addition, if you can't sue, you may have no "tooth" in pressing your claim. In my experience, however, no agency will sue for a small claim unless they have large accounts (e.g., magazine subscriptions where all the individual claims are small, but they have thousands of them).

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15y ago
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13y ago

The standard limit is 5 years for debts in Arkansas, only 3 years for Oral agreements or Open Accounts like credit cards. This is from the last communications by the debtor. They can file claim at any point during this time.

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15y ago

Yes, by federal law, creditors on all fifty states and the US territories have seven years from the date of last payment to collect a debt. That is, if the account is 6 years, 363 days past due, and you suddenly feel guilty and make a payment, the creditor gets to roll back the clock and has another seven years to collect it. On the other hand, if there is a judgment on the debt, the creditor has ten years from the date of judgment or last payment which ever is later to collect the debt.

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14y ago

Collection of Debt on Account4 yrs. Civ. Prac. & Rem. §16.004(a) (3)Court Awarded JudgmentsNo Limit-

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9y ago

Utilities include things such as electricity and water. If you live in Texas and are late paying your bill then the company has four years to collect it from you.

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10y ago

Most medical bills are considered written agreements. In Texas there is a four year limit as to when the bill can be presented.

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Q: What is the time limit for collecting medical bills in Arkansas?
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