Sharon wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help.
“Dear Steve,
Old debt…MBNA…six companies want me to pay them (different collection agencies)…1998 CACH, LLC has court date for me Sept. 15th…I have a box of proof of what I tried to do…but I am scared to death of going into court…
What do I do…for 11 years this has made grow older faster because of lack of sleep, stress…Help
Sharon”
The Answer:
Dear Sharon,
This is a fairly simple issue to tackle. What you need to do ASAP is to contact a local attorney to review the matter. It is possible that the statute of limitations has expired on this debt, since so much time has expired, and you can’t be sued for this debt. The statute of limitation depends on the state you live in, the type of contract, and the length of time that has passed.
I know the worry and stress is weighing heavily on you. Now is the time for you get specific legal answers about your situation so you can rest easy.
Please promise to post an update in the comments section of this question and let me know what the lawyer tells you.