it was that if the creditor had not tried to collect within 7 years it was expired
There isn't a limit. For a complete answer please visit www.OntrackFinancialGroup.com Ontrack Financial Group llc 888-686-6834
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
No. The bankruptcy is to stop anyone who has a right to collect a debt from being able to collect, called the automatic stay. If the debt is listed in the correct debt owner's (creditor's) address and it is discharged, it does not matter who owns the debt.
6 years
Yes, if a creditor takes legal action to collect a debt, you may have to go to court.
There isn't a limit. For a complete answer please visit www.OntrackFinancialGroup.com Ontrack Financial Group llc 888-686-6834
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.
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
No. The bankruptcy is to stop anyone who has a right to collect a debt from being able to collect, called the automatic stay. If the debt is listed in the correct debt owner's (creditor's) address and it is discharged, it does not matter who owns the debt.
no there is no limit
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
6 years
Yes, they can. Under the Fair Debt Collection Practices Act, the creditor can call family members or neighbors in an attempt to collect a debt.
The time limit for a creditor to sue you for a debt is usually defined by the statute of limitations, which varies by state and type of debt. In some cases, creditors may still attempt to collect the debt after the statute of limitations has passed, but you can raise the defense that the debt is time-barred in court. It's recommended to consult with a legal professional for advice on your specific situation.
Yes, if a creditor takes legal action to collect a debt, you may have to go to court.
If the debt was sold to a collection agency and the original creditor accepted payment AFTER the debt was sold, the money does not belong to them. If, however, you paid the debt and it was mistakingly sol after that payment, the collection agency can't try to collect. If you have proof of payment, forward it to the collection agency and deman in writing that they cease trying to collect this debt.
Only the creditor - or whoever assumed ownership of the debt.