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What is the statute of limitations on debt in the state of Delaware?
Wiki User
∙ 11y ago
Does not matter the type of debt, in Delaware it is three (3) years from the last date of payment, not to be confused with the origination date. If your mortgage was opened in 1990 and you never made any payment the SOL would have expired in 1993, however if you made our payments up until 2009, then its still within statue until 2012. Another point, would be if they foreclosed and obtained a judgment those are within statue for 10 years in Delaware, so you would be looking at 2020 to be free and clear.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoCredit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Delaware it is 4 years. That is measured from the last use or payment.
Wiki User
∙ 8y agoA credit card or medical bill would be a written agreement. In Delaware they have set the limitation at 3 years.
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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 code section for Delaware statute of limitations on credit card debt?
three years.
What is the statute of limitation for debt if you move from one state to another?
The statute of limitations for debt varies by state and type of debt. Generally, the statute of limitations is based on the state where the debt was originally incurred. If you move to a state with a shorter statute of limitations, it does not shorten the time frame for collecting the debt. Be sure to check the specific laws in both states to understand your rights.
What is the statute of limitations once the charged off debt is sold to a 3rd party?
The statute of limitations for how long a consumer may be sued over a bad debt is established by (their) state law and type of account. You can do an internet search: statute+limitations+(your state)for more information.
What is the state statue of limatation for collection a charged of credit card in the state of Delaware?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Delaware it is 4 years. That would be from the last use or payment.
What is the statute of limitations for debt?
SOL's for debt are established by state law, therefore they vary as to the length of time for different types of debt. Search: " Name of state (example: California) Statutes of Limitations for debt".
If you move from one state to another but the in the state you previously lived in owe a debt does that statute of limitations for that debt change to the limitations of the state you move to?
No, the SOL is based on the state where the debt occurred. Moving to another state makes no difference.
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.
What is the statute of limitation on credit card debt in Washington state?
Debt generally doesn't have a statute of limitation. Of course debts have a statute of limitations. In Washington state it is 3 years or 6 years, depending on the debt. Check out Washington law RCW 4.16 for more information. Every state has a statue of limitations on debt, which you will commonly see referred to as "SOL" when people write about it.
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.
