Topic: Overdue Debt Statute of Limitations
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Answers to Common Questions
What is the statute of limitations for collecting on an overdue d...
The California statutes of limitations start to run when you have defaulted on an obligation, not when you have incurred that obligation. Whether or not the debt has become "uncollectible" is, to me, not the relevant question. If you defaul... Read More »
Source: http://www.avvo.com/legal-answers/what-is-the-statute-of-limitati...
How to Evaluate the Statute of Limitations on Debt
The statute of limitations on debt collection in every state exists to protect the consumer. To take advantage of the government protections available to you, you must stay informed. Don't wait until a collection agency files a lawsuit agai... Read More »
Source: http://www.ehow.com/how_5252944_evaluate-statute-limitations-debt...
What is the statute of limitations for debt?
Answer SOL's for debt are established by state law, therefore they vary as to the length of time for different types of debt. Search: " Name of state (example: California) Statutes of Limitations for debt". Read More »
Source: http://wiki.answers.com/Q/What+is+the+statute+of+limitations+on+d...
More Common Questions
Answers to Other Common Questions
It would be a civil case, and the statute varies from state to state. In general you are safe after 5 years in the U.S., unless they have already filed against you.
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Source: http://wiki.answers.com/Q/What_is_the_statute_of_limitation_on_ov...
If you've got an aged credit card debt or loan that you've failed to repay, it's helpful to know that debt collections agencies may be unable to sue you for the amount if the statute of limitations has expired on the amount you owe. Because...
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Source: http://www.ehow.com/how_4920432_debt-collection-statute-of-limita...
The statute of limitations gives a time limit defined by statute (Florida Statutes §95.11) for credit card companies to collect active credit card debt. According to Fair-debt-collection.com, this time limit bars credit card companies from ...
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Source: http://www.ehow.com/about_6130195_statute-credit-card-debt-florid...
With the exception of debts you owe to the government, all debts have a legal statute of limitations for collection. This protects you from old, unpaid credit card debt haunting you forever. Debts that are no longer within the statute of li...
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Source: http://www.ehow.com/facts_5728508_statute-limitations-credit-card...
The statute of limitations is a legal concept that acts as a bar to bringing a civil action after the expiration of a specified period of time. Each legal cause of action has a specific limitations period established by state statute. Once ...
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Source: http://www.ehow.com/about_6201077_statute-credit-card-debt-kentuc...
A statute of limitations for the cancellation of credit card debt exists in every state. In Ohio, this time period can span from six to 15 years. The State of Ohio Statute 2305.07 sets a six-year limit on "open ended" accounts. Statute 2305...
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Source: http://www.ehow.com/about_6136504_statute-ohio-credit-card-debt_....
Statute of limitations is a statute in common law that establishes the maximum time after an event that a legal proceeding based on that event may be initiated. In the State of Washington, the statute of limitations on credit card debt is t...
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Source: http://www.ehow.com/about_6292356_statute-credit-card-debt-washin...
