daizzddre
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Statute of limitations for collecting a debt is 7 years provided
they don't have a judgment against you and you have not acknowledged the debt. |
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Bill
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Are they harassing you on the phone, or are they writing?
In many cases there are statutes of limitations which will prevent court action to obtain payment on a debt.
There are some real bottomfeeders out there who buy this "bad paper" for pennies, then intimidate people into paying. You really need to talk to an attorney. |
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nealo d
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If you're in the uk, the debt is unenforceable after 5 years. There are some exceptions ie poll tax, income tax, but if it is just a normal debt I'm pretty sure you're safe. Best contact your local Citizens advice bureau or similar to be absolutely sure. |
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thecoldvoiceofreason
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On your side? you have a bad debt, pay it for christs sake. Why do people think they can rack up debts and just walk away from them? its people like you that makes borrowing more expensive for everyone, i hope they nail you to the wall. |
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jbowler
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Your are dealing with what is know as a "Zombie" bill collector.
They buy unpaid debt for pennies per hundred dollars. If they collect anything, they come out ahead.
It is more than likely that the debt is uncollectible due to the running of the statute of limitations. Very few states have a statute longer than six years.
The problem is if you say the wrong things to these guys you might be considered as having reaffirmed the debt, which allows them to resubmit it to the credit bureaus.
You will have to find out the statute of limitations in your state. If It has run ignore the collector and refuse to talk to him.
[If a judgment was obtained against you, it is valid in most states for 30 years.] |
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Fly Boy
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There are statues of limitations on old debt.They vary in many states.Good chance law is on your side.This site has lists that can help you.Good luck. |
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sweet-cookie
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a DEBT is a dept,
no matter what length of time elapses!
before it is paid up......
and moreover, interest is also payable, on that dept.
IF It is not on the original agreement ,
stating that you do not need to pay your dept, ~~~~ after not paying it for a number of years .
Then by natural law, you should be made to pay up+ interest.
I am sorry to tell you this, but that is how it is .
No State or country ,should need to pay up a citizens debt.
>^,,^< |
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chimneygod
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7 years is the federal limit that applies to all states in the USA. Some states have even a smaller window. |
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D B
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The limit is 7 years in the UK assuming that they have not tried to contact you in that time. |
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libbybaldwin29
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First you need to understand that there's a huge difference between credit reporting agencies reporting time and statue of limitations on paying back an old debt.
The credit reporting agencies can only keep old debts on your file for 7 years...unless it's a judgement or tax lien...or bankrupcy...then it's more....
Statue of limitations varies from state to state. This is the time frame in which a lender can force you to pay...it doesn't mean they can't keep trying to get you to pay through traditional means such as letters...but after your statue of limitations runs out they cannot sue you for that debt! You are no longer legally responsible for that particular debt!
So the best thing to do is do an internet search on your statue of limitations for your state! Some states are 3, 5,6, 7, and so on...it varies...so be sure and check your own state! |
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Right on
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By law... they have to delete it from your file after a certain period of time.... |
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investor
 |
I wouldn`t pay it if i were you. By law Creditors are allowed to be on your credit between 7-10 years in your case it is already 10 years. It will be removed verry soon if it`s not off yet. In a case like 1-6 years that would be rediculous on your credit history and should be paid in order to resolve the problem with a legitimate credit repair company. You are good to go so don`t worry about it. |
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alan h
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if last contact regarding this debt was over 10 years ago, it is therefore under section 5 & 20 of the statutory limitations act 1980 and this debt may not be enforceable |
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Frank Castle
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Nobody can make you pay if you don't want.
Even the Mafia cannot make you pay.
In the end you decide if you pay or if you prefer death.
The choice is yours.
By the way, I strongly suggest you to pay your debt.
You start with Visa and then after a while your debt is sold to some fancy lawyer firm and then after a while your debt is sold to some not so fancy lawyer firm and then after a while your debt is sold to "collectors" (Smart criminals never convicted) and they will punch your face and break your nose and then after a while your debt is sold to "specialists" (Former Convicts) and they will break your legs and then after a while your debt is sold to "The End of the Line" if you know what I mean.
It takes years to get there.
Let me say that again:
I strongly suggest you to pay your debt. |
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scorpionbabe32
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I believe after 6 years all debt was cleared on your name but I have recently found out that they can still take you to court for payments. Ring or visit the Cab they are really helpful and would even help you sort out payments etc or even ask for them to accept a lesser amount. Best of luck |
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anonymous
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more than likely its past the statute of limitations...make sure you have the original invoice to prove it in court. more than likely if your getting calls its by bottom feeders hoping to pick up on a debt nobody else can collect on.... |
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mumzii
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Yes, the credit agency can make you pay a debt that it ten years old. Debt doesn't go away with time. If that money is owed, it is owed. The only time you win is if you paid it and there is an error and you can prove it, or if, in the case of medical billing, the medical institution did not properly bill your insurance company and notify you within a year of the date of service, even though they had the information. You have to be able to prove that you had the insurance, and that the medical institution had the info, but failed to keep up their end of the deal. |
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ak
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At what point is a debt no longer a debt? Unpaid debt drives up the cost of credit and everyone ends up paying for it through higher interest rates and fees. |
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EMMA©
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Pay up! |
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