debt
 

 debt







 

Question by  Horia (21)

What is the statute of limitations on old debt?

I have collectors calling me about debt that over ten years old.

 
+6

Answer by  eyeguy (3760)

It varies by state. Some states dont allow collections of old debt more than 3 years old. If you acknowledge the debt in that time period the clock restarts.

 
+5

Answer by  crxgirljax (5)

A debt should be reported for seven years, but the debt can be sold for collection and reported at a later date extending the time on your credit report.

 
+5

Answer by  justmesuzanne (625)

The statute of limitations varies from state to state and according to type of debt. Generally, it is 3-10 years. Google "statute of limitations on debt" for more specific info.

 
+5

Answer by  patti (29325)

There are varying statutes for different kinds of debt (medical/credit card/etc) and those vary by state. There are several online sites that detail the SOL for each type of debt.

 
+4

Answer by  Tracy15 (821)

It really depends on what state you live in. Every state has different laws. It also depends on what the bill was for but I would say after 10 years it is pretty safe to say they can't touch you but check with your state for the laws.

 
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