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What else can I help you with?
How long does a business have before turning the debt over to a collections agency?
The sooner you turn an unpaid debt over to collections, the better the chance of recovery. I would not suggest any debt over 3 years old. If it is a credit reporting agency, the debt will remain on the debtors credit report 7 years from the dilinqent date.
Can collection agency collect on a 20 year old credit card debt?
If they got a court order within 7 years of you getting the debt then they can but the amount of time and money they would have to put into it would make it impractical to do this unless you owe over $200,000. If they didn't get a court order within 7 years then the debt completely goes away.
Can a secondary collection agency collect on a charge-off when the debt is over 3 years old and the original creditor has declared bankruptcy?
More than likely. Three years is not long enough for an SOL to expire. What probably happened was, the account was bought from the creditor, which is common practice. The BK of the original creditor, has no relevancy if the debt was sold.
Do I have to pay an invoice that is 2 years old?
Yes, you may still be required to pay an invoice that is 2 years old, as the statute of limitations for debt collection varies by location and type of debt. It is important to check the laws in your area and consult with a legal professional if needed.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
How long does a business have before turning the debt over to a collections agency?
The sooner you turn an unpaid debt over to collections, the better the chance of recovery. I would not suggest any debt over 3 years old. If it is a credit reporting agency, the debt will remain on the debtors credit report 7 years from the dilinqent date.
Do you have to pay a debt that's over 6 years old?
You may be liable for a debt over 6 years old, depending on where you live. The debt statute of limitations (SOL) varies by state. Remember that the SOL starts on the date of the last activity on the account. This means if you make a partial payment on it, the SOL clock starts over! Get the SOL info for your state below-
How is 13 years old?
Thats a interesting question. 13 years old
Can a creditor collect on a credit card debt over 8 years old?
Probably; it depends on the laws where you live.
What are the South Carolina statute of limitation for landlord bills?
No debt over seven years old, from the date of last payment, is collectable. In the event a judgment has been granted to the creditor, no debt over ten years old, from the date of last payment, is collectable. This is of course by involuntary means, and is regulated by Federal Law.
Is it better to pay a five year old collection or just wait seven years?
Wait the 7 years. This is why. When you pay on an old debt like that the file starts all over again and even though you paid it its still a bad debt it will not help your credit any.
If your daughter is over 24 years old can you stop paying child support if the debt is over ten years old. I have read that Wisconsin has a statute of limitations of 10 years. Is that correct?
YES you can stop because she hasn't been a kid for 5 years, you should have stoped 5 years ago.
How old was Marie Curie when she was a professor?
Two years old. Thats how clever she was.
Are you over weight if im 165 and a 11 year old girl?
yes im 6,3 and 16 years and thats more than me.
How old is Matthew Nichols?
matthew nichols is almost 11 years old and thats me
Can a doctor collect a debt more than 2 years old?
yes..... a doctor can collect a debt for more than 2 years
What is the statute barred limit in South Africa for old debt?
3 years or when the debt already had it birthday
