You receive a call from a collection agency on a debt that has been written off or perhaps the statute of limitations on collecting the debt has expired. Do you know what your rights are? Do you know that trying to make it good can harm you? Read on for some noteworthy advise on how to deal with this situation.
The statute of limitations is the amount of time a creditor can sue over an old debt. Also in some states there are laws that prohibit creditors from suing once a debt is more than four years old. So time can be on your side regarding old debts.
{"id":113,"date":"2006-03-03T16:41:47","date_gmt":"2006-03-03T21:41:47","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/uncategorized\/what-to-do-when-an-old-debt-resurfaces"},"modified":"2006-03-03T16:42:02","modified_gmt":"2006-03-03T21:42:02","slug":"what-to-do-when-an-old-debt-resurfaces","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/personal-finance\/credit\/what-to-do-when-an-old-debt-resurfaces","title":{"rendered":"What to do when an old debt resurfaces."},"content":{"rendered":"\n\n\t<\/p>
You receive a call from a collection agency on a debt that has been written off or perhaps the statute of limitations on collecting the debt has expired. Do you know what your rights are? Do you know that trying to make it good can harm you? Read on for some noteworthy advise on how to deal with this situation.<\/p>\n\n\t
<\/p>
The statute of limitations is the amount of time a creditor can sue over an old debt. Also in some states there are laws that prohibit creditors from suing once a debt is more than four years old. So time can be on your side regarding old debts.<\/p>\n\n