In Colorado it is six years form the time the debt becomes delinquent. It doesn't matter if the debt if verbal, written, open, etc.
No, C.A'a have no form of legal recourse if the SOL date has passed
Judgments in New Jersey are valid for 20 years and are renewable (N.J.S.A. 2A: 14-5).
What is the statue of limitation of a judgement of a civil suit in wisconsin?
Illinois laws show no statute of limitations on collections form a divorce. The rules are different when agreements of child custody are involved.
If you have a judgment from a collection agency and it is valid, you have to pay it to have it reversed. If it is not valid you can try to appeal it.
Colorado is a full recourse state. Creditors may pursue a debtor for a deficiency judgment for 20 years after the debt was incurred. Moving to another state could result in the creditor domesticating the deficiency judgment and then the new state's statute of collection limitations would apply.
you "satisfy" a judgment by paying balance in full or settlement. but understand that once a judgment has been issued by a court then there can be no one else that does this.
One limitation of computerized accounting is that some errors can go undetected. A human mind has better judgment as to what is sensible and prudent in accounting.
The collection agency cannot reposses the vehicle unless they are the lien holder. If they are, they do not need an order of replevin to seize the vehicle unless they live in one of the few states that require such. If the collector does not hold the lien on the vehicle they will be required to file suit against the debtor, receive a judgment and execute said judgment as a forced sale or a lien of/on the judgment debtor's vehicle.
Paying the bill is one way to get the judgment to go away. But, almost 30 years???
Unlike other components of an internal control system, humans are subject to judgment errors which can create weaknesses in an otherwise strong internal control system. As a result, faulty human judgment is an inherent limitation of any system of internal control.
you file for collection.