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in Pa. the statue of limitation fora credit card is Four years for the original creditor to sue you in court.
Second,from the very first miss payment .counts as in default.if you miss a monthly payment on Dec.1,2004.and they send it to a collection agency.it goes by your first missed payment.Collection agency all try to up age the account-like this.you miss on Dec 1,2004.collectors receive it on June,15,2005.they will try (UP-AGEING)saying they have till December 15,2012 to keep it on credit report.in truth it is in collection till June 1,2011.
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How long can a collection company try to collect on an account?
Until your state's statute of limitations runs out on that debt.
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.
What is the statute of limitations for state taxes owed in Georgia?
In Georgia, the statute of limitations for the collection of state taxes owed is generally three years from the date the tax return was filed. However, if a return was not filed or if the taxpayer filed a fraudulent return, there is no statute of limitations, allowing the state to pursue collection indefinitely. Additionally, if a taxpayer agrees to a payment plan or extension, the statute may be extended. It's important for taxpayers to be aware of these timelines to avoid potential complications.
Will disputing a old debt on your credit report restart the statute of limitations in NY?
No, only making a payment, promising to make a payment, or providing a letter of reaffirmation of the debt can reset the statue of limitations.
If you closed a credit card account due to non payment in 1999 and it's 2007 can the credtit card company take you to court or is it apst the statute of limitations?
They can take you to court, unless you file a response stating that the statue of limitations has expired for filing a lawsuit.
Colorado statute of limitations credit card?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Colorado is 3 years. That is measured from the last use or payment.
Can a credit collection agency pursue payment on an account that has been closed for 10 years?
Yes, there is no statute of limitations on debt.
When a collection agency buys a debt from a credit card company does a new statute of limitations start from the day it was purchased or does the collection agency's statute remain the same?
The statute of limitations starts counting immediately when you made the last payment to either the credit card company or the collection agency. If you ever make a payment to either of them the statute of limitations will start over. If you have not made any payments to the credit card company recently and the credit card company sells the debt to the collection agency, the collection agency's statute of limitations will be from the date that you last paid the credit card company. Furthermore, if the statute of limitations is over and the collection agency continues to keep collecting the debt, you can send them a letter (certified is the preferred method) to stop all contact with you. Under the Fair Credit Reporting Act (FCRA), they would be required to stop immediately upon receipt of the letter (unless they are taking legal action in a court then they can send you legal notices only). If they do not stop, you are entitled to collect monetary damages as outlined in the FRCA. This does not stop the collection agency from reporting to your credit report. Your credit reporting falls under a different set of rules which basically removes most collections debts (except for court judgements) after 7-10 years.
How long can a collection company try to collect on an account?
Until your state's statute of limitations runs out on that debt.
Can a credit card company sue you after 11 years have passed?
Normally it has to be within your states statute of limitations. That varies state to state.Also the amount of time which passed since your last payment was made would be the beginning of the "clock".
What is the statute of limitations for credit card debt in South Dakota?
The statute of limitations on credit card debt in South Dakota is six years. The company is allowed to aggressively pursue payment for that period of time.
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 on traffic fines in Oregon?
There is not a statute of limitations on fines. Most jurisdictions allow for collection without limits.
What is the statute of limitations on a credit card debt that last had a payment in June of 2000 in the state of Wyoming?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Wyoming is the longest at 8 years. That is measured from the last use or payment. Looks like you may be past the date!
What is the statute of limitation on credit card debt inFlorida?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is measured from the last use or payment.
What is the statute of limitations in Maryland for debt collection?
Three years.
Can a credit card company sue you after fourteen years?
This will depend on the statute of limitations in your state but there are also other factors that will determine whether or not they can as well. The statute of limitations for your state is dependent on when the last time you made a payment or used the card. So, if you made a payment two years ago on the debt but it's been fourteen years since the last item was charged on your card you only have two years towards the statute of limitations not fourteen. Often, credit card company collection agencies will tell you that they will sue you even if the debt has passed the statute of limitations in order to try to collect on outdated debt. After the statute has passed the company has no legal right to collect it. Additionally, in most cases if the debt is more than 10 years old since the last payment had been made, it is not allowed to be on your credit report. Interestingly, if your states statute of limitations is five years, it can still be posted to your credit report until the 10 years has fully elapsed.
