Legally the collection agencies can chase after you till the day you die. Though there is a statue of limitations (SoL) on the enforcement of debts (it is also called “time barred”). Although as debt’s SoL has expired it doesn’t mean that creditors and collectors won’t attempt to collect the debt. It just means that they can’t use the courts to force you. Every state has its own SoL. You can contact your state’s AG’s office to verify your state’s SoL.
Then you can send a certified letter to a collection company.
ADVERTISER DISCLOSURE
AcclaimVisa.com is an independent, advertising-supported web site. AcclaimVisa.com is compensated by the credit card issuers whose offers appear on our site. This compensation can impact how and where credit products appear on our site, including, for example, the order in which they may appear within product listings. AcclaimVisa.com does not offer, review or present all available credit offers.
How long can an agency try to collect on a past debt? Where do I find the answer to my question?
[Friday, May 11th, 2012]See also
- I don’t know what my credit score is.. I’m 20 years old and been working a good job for about 4 or 5 months. I am looking for a loan/credit card that will let me get $3000 to start a small business. How do I go about doing this?
- I applied for a Visa card on line and received a confirmation number but dont know where to go to check the status of card.
