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- BigA replies to Aili
Debt are owed for eternity in 48 states. It is called the Statute of Limitations which varies by state and can run from 3 years to 15 years. It does not set a time limit on collecting debts. It does set a time limit on suing or threatening to sue.Quote:If the debt is over 10 years old it is very likely a junk debt anyway ( most debts have a state of limitations where they can be collected, in most states that is 4 years)
Statute of Limitations by state: http://www.nolo.com/legal-encyclopedia/statut ... hart-29941.html
https://www.fair-debt-collection.com/sol-by-state.html
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