answersLogoWhite

0

There are not time limits in which the collection of a debt can be pursued. All states do have statutes of limitation which designate the time in which a creditor has to file a lawsuit to collect monies owed.

User Avatar

Wiki User

19y ago

What else can I help you with?

Related Questions

What is a third party collector?

Collection agency.


What is the limit on the amount of interest a third party debt collector can charge?

Can a law firm charge interest that is more than the debt in new york city


What Is AFNI On your Credit score?

AFNI stands for Anderson Financial Network Inc. This is a collection agency which is a third party debt collector which buys debt from creditors and tries to collect on it.


If I sign an acknowledgement of assignment of judgment am I giving up my right to collect?

If you are the 'creditor' of judgment and you sign for a third party to collect, then YES, your right to collect is given up. Because once that is signed you just signed over your judgment over to the third party, and it is considered THEIR judgment now. BUT you will still get your money judgment from the third party.


Can a third party collection agency collect any debt not listed on a bankruptcy?

Yes. Whether or not the collector can file a lawsuit depends upon the SOL for the state in which the debtor lives, or in some cases where the debt was incurred.


Who can collect on a bad check if the check was cashed by a third party?

The holder in due course...


Is collect calling a feature that Comcast phone service offers?

No they dont you have to get it through a third party:+(((


How do you make a fatter text on Twitter?

You can't. 140 characters is your limit without using third party applications.


Can a company who bought a charged off account try to collect interest on the account?

Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.


Can a debt collector in the state of Michigan collect on a debt if they have already charged it off?

Yes, the term is used to indicate a debt being written off as uncollectible by the original creditor. The debt however remains valid and subject to collection by a collection agency working for the original creditor or a third party that buys the account.


What is the plural of third party?

The plural of third party is third parties.


Non spousal states for debt collection in US?

States where the Spouse is treated as a Third party and a collector cannot disclose the debt if speaking with the Spouse of the Debtor