The debt statute of limitations is the legal time limit a party has to collect a debt through the court system. After that time a creditor or third party, such as a debt collection law firm, may not sue to enforce the credit agreement. Collecting using traditional methods such as calling or lettering is still allowed. The statute of limitations varies from state to state and by type of debt, and is typically between three and 10 years.
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John Tonetti: Flow During the Debt Cycle
6 June 2013
New York Assembly Passes Debt Collection Bill; Also Lowers Statute of Limitations
25 April 2013
Statutes of Limitations Frustrate Debt Collectors and Consumers
25 March 2013
FDCPA Reform: Sound and Fury?
6 March 2013
Colorado Debt Collection Laws - 50 White Papers in 50 Days
11 February 2013
Debt Buyer Bills Backed by AG Swanson Introduced in Minnesota
15 January 2013
Bill Targeting Debt Buyers Advances in New Jersey
14 December 2012
Bill Bartmann: Temporarily Ban Debt Collection Lawsuits
5 November 2012
UPDATE: Location Announced for CFPB Field Hearing on Debt Collection
19 October 2012
Paper Launches Investigative Series on Debt Collection
8 October 2012
Debt Buyer/Collector Settles Class Action for $575,000
10 September 2012
Where are the Hottest Growth Areas in the ARM Industry?
9 August 2012
Talk About Old Debt: German Town Reveals 450 Year-old Receivable
20 July 2012
Aged and Out-Of-Stat Accounts Webinar Now Available Free on Demand
18 July 2012
What Percentage of the ARM Industry is Collecting Aged or Out-Of-Stat Medical Debt?
7 June 2012
LiquidEdge to Host Free Webinar on Out-of-Stat Accounts
5 June 2012
LiquidEdge Offers Business Case on Collecting Out-of-Statute Debt Accounts
9 May 2012
The Most Treacherous Place for Debt Collectors in the U.S.A.
15 March 2012
FTC Halts $5 million Debt Collection Scam Operating in India
22 February 2012
Turn Around, Bright Eyes: Chase Bank Slows Down Consumer Lawsuits
15 February 2012