QUESTION
If you owe a debt that was being paid for years, does it have a statute of limitation?
Asked on Sep 29th, 2016 on Debtor and Creditor - Florida
More details to this question:
It was a small debt of less than $2,000 that has gone to $6,000 because they've added interest, etc. Does this get paid forever or does it get to a point that it expires?
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
If you keep paying, in theory, the debt is still live until you breach the payment agreement and THEN the SOL starts running.
Answered on Oct 03rd, 2016 at 6:22 AM
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