Do you have debt that keeps you up at night? It might help you to learn more about the statute of limitations on debt collection, which effectively gives a debt collector a deadline for suing you o...
The statute of limitations on debt is the length of time that debt collectors have to sue you to collect old debts.
The statute of limitations for debt collection is governed by state laws and generally ranges from three to six years, though it's as long as 10 years in some cases. Within a given state...
Learn more about statutes of limitations and how they work. Find out what the statute of limitations on collections is in your state, based on the type of debt.
Each state has its own statutes of limitations on debt, which vary depending on the type of debt. Learn more about how long debt collectors have to sue you for debt.
Debt collection agencies attempt to collect delinquent debts owed by individuals or businesses either on behalf of the original creditor or for themselves.
Depending on your state laws and types of debt, there is a limited window of time creditors can sue. It’s called the statute of limitations on debt.
Federal student loans do not have a statute of limitations – so you can be sued for an unpaid debt at any time – but private student loans do.
In most states, debt does not disappear until you pay it. A statute of limitations limited the period of time creditors or debt collectors can file a lawsuit to recover a debt.
A statute of limitations is a law that sets the maximum time that parties have to initiate legal proceedings from the date of an alleged offense.