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The statute of limitations for all debts, in Ohio and the other 49 US states is seven years. This is determined by the Federal Fair Debt Collections Practices Act.
Keep in mind that the time starts from the date of last service or the date of last payment, which ever is latest. So, if you bought those new jeans with your Macys' card on 1 January 2010, and never made a payment, Macys can legally collect against the debt until 1 January 2017. If however you made a payment on those jeans on 31 December 2016, they may collect until 31 December 2023. If you are going to pay on a bad debt, pay it off as soon as possible. If you are not going to pay, then don't and live with your conscience.
If the creditor sues the debtor though, and wins a judgment, that time limit extends to ten years from the date of judgment or last payment.
So, if the creditor gets that judgment on 31 December 2016, then Macys can collect on it until 31 December 2026. And, if your conscience wins and you make a payment against the full balance, OR Macys locates your bank account and sends an order of garnishment on 30 December 2026, then Macys can collect until 30 December 2036
Lessie Jones
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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 Limitations For Arson In The States Of Ky. Ohio Indiana?
There is no statute of limitations for arson in Kentucky. In Ohio, the statute of limitations is 20 years. In Indiana there is no statute of limitations if it is charged as a class A felony, but if charged as a lesser felony the statute is 5 years.
Is there a statute of limitations on small claims in Ohio?
One cannot bring suit after 2 years in Ohio. If it is for a debt, it could be as much as 15 years.
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 can a debt collection agency sue you in Ohio?
In Ohio, the statute of limitations for debt collection lawsuits is six years for most types of debts. After this time period has passed, the debt collector cannot legally sue you to collect the debt.
What is Ohio statute of limitations traffic violations?
Once a ticket has been issued, you have notice of the violation. In Ohio the statute of limitations no longer applies.
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.
Is there a statute of limitations on a parole violation in Ohio?
Violation of parole is not subject to a statute of limitations. In Ohio they could pick you up at anytime and return you to prison.
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
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.
