The statute of limitations means creditors and debt collectors cannot sue you for old debt after a certain amount of time, but it’s still in your best interest to pay all legitimate debts you owe. The average statute of limitation lasts between three and six years, but it can be as lo...
Learn your state's statute of limitation laws for credit card & other debt. Find the maximum interest rate collectors can charge, and if you are liable for...
Is There a Statute of Limitation on Charge-Off Debt Collection? As long as the charge-off remains unpaid, the original creditor or the debt collector can continue attempts to collect on the account, which may include suing you for what you owe. However, there are state laws limiting a cred...