Can Old Debts Be Collected?

Answer

Old debts can indeed be collected. However, a creditor must have sufficient proof that you wrote to them admitting the debt and if this is the case, you have no obligation but to pay back. In most jurisdictions, debts are normally written off after a certain number of years which can either be 5 or 7.
Q&A Related to "Can Old Debts Be Collected"
To collect a debt, you can try to collect on your own. If you are not successful, and you have a contract, you can hire an attorney to handle the matter for you.
http://answers.ask.com/Business/Finance/how_to_col...
1. Familiarize yourself with what constitutes illegal behavior on the part of a debt collector. This information is contained in Section 808 of the FDCPA. Some examples of illegal
http://www.ehow.com/how_5698294_sue-debt-collecter...
1. Refine your credit policy to eliminate as many bad debts as possible. If you have a high rate of long term slow pays or no-pays, your credit policy may be too liberal. 2. Become
http://www.ask.com/question/what-are-fair-informat...
1 Once you have let someone borrow money or an item, give them a time to give or pay you back. Explain the consequences if they don't by said time. Ad 2 When the date comes around
http://www.wikihow.com/Collect-a-Personal-Debt
Explore this Topic
Debt collectors generally do not collect debts after six years as most of them have been written off. However, if the formal notice was not acted upon in six years ...
To collect a debt, you can try to collect on your own. If you are not successful, and you have a contract, you can hire an attorney to handle the matter for you. ...
To collect a debt, you can try to collect on your own. If you are not successful, and you have a contract, you can hire an attorney to handle the matter for you. ...
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