QUESTION
Can a collection agency collect on a debt that is about 15 years old?
Asked on Jan 22nd, 2013 on Bankruptcy - Nevada
More details to this question:
I received a letter from a debt collector on a debt that is about 15 years old. I wrote a cease and desist letter back and said that I am no longer liable for this debt due to the statue of limitations on it. Is this correct? If not, what should I do?
3 ANSWERS
Bankruptcy Law Attorney serving Whittier, CA
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Goldbach Law Group
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short answer:
Each state has its own statute of limitations on debt - the amount of time the court will force you to pay a debt. The statute of limitations varies depending on the type of debt you have - credit card or loan - and is usually between three and six years, but is as high as 10 or 15 years in some states. Before you respond to a debt collection find out the debt statute of limitations for your state. In California its between 2 and 4 years.
Answered on Mar 19th, 2017 at 5:52 AM
Chapter 13 Bankruptcy Attorney serving Winston-Salem, NC
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Love and Dillenbeck Law
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Every state has different statute of limitations rules, but if you are a resident of North Carolina, you are correct.
Answered on Jan 22nd, 2013 at 9:48 PM
Family Attorney serving Henderson, NV
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Harris, Yug & Ohlinger
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You are probably correct, so long as you are counting the statute correctly - that is in Nevada, from the date of last payment.
Answered on Jan 22nd, 2013 at 9:47 PM