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Tag Archives: statute of limitations

CFPB and FTC Want Debt Collectors to Tell You When They Can’t Sue

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On August 14, 2013, the CFPB, jointly with the FTC, filed an amicus brief in Delgado v. Capital Management Services, LP, et al., a case on appeal to the Seventh Circuit. The brief urges the Seventh Circuit to affirm the district court’s refusal to dismiss a class action complaint alleging that a debt collector’s letter offering a settlement of the ... Read More »

I Work for a Debt Relief Company and Have a Question About a Client. – Chris

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“Dear Steve, I work for a debt settlement company. A client believes he is free from debt after 4 yrs if they havent collected. Is this true? Chris” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click ... Read More »

Which States Statute of Limitations Applies to My Old Debt? – Brooke

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“Dear Steve, I purchased a van in Florida back in July of 2005. I did a voluntary repossession in February of 2007 in Virginia, after the bank would not wait two days for my first paycheck to clear my checking account (was two months behind). I never heard anything further from the bank after that (I realize now I should ... Read More »

Debt Relief Companies and Time-Barred Debt. New CFPB Rules.

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The Consumer Financial Protection Bureau has put out an examiners guide for debt collection agencies. Much of the information is of less interest to debt relief companies but one small section creates an important issue that debt relief companies should pay attention to. In the past we’ve written about the inclusion of time-barred debt in debt relief programs, including credit ... Read More »

I Just Received a Summons From Bank of America. Can I Use the Statute of Limitations as a Defense? – Chris

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“Dear Steve, I just received a summons that I am being sued for what looks like an old Bank of America credit card debt (amount over $10K). This is by a collection agency that purchased the debt, and they are using a legal firm to do this. The state is Idaho. Both the collection company appears licensed to do this ... Read More »

I’m Being Sued for a Debt From 28 Years Ago With My Ex-Husband. – April

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“Dear Steve, Divorced 24 years ago. Being sued for credit card debt from 28 years ago. Judgment filed against me in 1992. My x-husbands and my name are listed as defendants, “et al”, but only my name appears in the body of the judgment. My x-husband was the applicant and I was the co-applicant. I have no recollection of this ... Read More »

Noteworld Could Not Settle My Discover Account and I Now Think It’s Expired Under the Statute of Limitations. – Mary

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“Dear Steve, I was with Note World Settlement for a long time. After them not being able to settle with Discover after 7 year. They told me Discover could NOT do anything to me any more (staute of limiation law) I live in WI. Now I got a bill from Discover for the full amount do now!! what do I ... Read More »

I Owe a Debt from 7 Years Ago and Just Gave Them a Payment. Will I Still Owe the Debt? – Rachel

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“Dear Steve, I just got a you must pay in full from a debt collector company, I was researching and I believe the statute of limitations on medical bills for the state of Idaho is 7 years. So my question is my outstanding medical bills are from 2005, and I have just now gotten something from this company that they ... Read More »

I Moved to Virginia from New Hampshire and I’m Being Sued for An Old Credit Card Debt. – John

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“Dear Steve, I have a court,in May. I moved to Virginia from NH about six years ago. This debt orginated in NH, the debt is from a credit card from about six or seven years ago. I know that a debt can be transfered from one state to another. I would like to know to how far back on a ... Read More »

I Have a Judgment Against Me for a Car Loan. What Are They Statute of Limitations?

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I have a judgement for a car loan against me in Virginia for $12,980 that was awarded to the finance company in August 2009. It is now March 2012. The judgement is on my credit report. I live in North Carolina and have been here since 2009. If I’m not mistaken I was also supposed to pay interest in the ... Read More »

What You Need to Know About Time Barred Debt the Statute of Limitations and Debt Collection

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Photo Credit: Filin Ilia The Federal Trade Commission has released new information to help you better understand the issues surrounding Time Barred debt and debt expired under the Statute of Limitations. If you would like to learn more about specific state regulations you can use the free compliance module here. Understanding Your Rights When It Comes to Old Debts If ... Read More »

What is the statue of limitations in Iowa on revolving credit or debt. – David

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i bought a motorcycle with what the called a revolving credit card. the salesman told me i would get cash back and three months no payments. i didnt read the fine print. :( the money back was for the first three months payments. i didnt get a past due notice till after the third month then a week later i ... Read More »

Statue of Limitation for Louisiana – Clara

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I have past due accounts, not credt card accounts, I believe they are contract accounts I would like to know what are my options? What is the statue of limitation for Georgia? What is the Statue for Louisiana? The past due accounts were when I lived in Georgia but I have relocated to Louisiana. Thanks, Clara P.S. Have a wonderful ... Read More »

Why Would Anyone Pay a Debt Outside the Statute of Limitations? – Mike

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“Dear Steve, I had a credit card several years ago that I never paid and was never sued on within the statute of limitations and when it passed the seven year period it dropped off my credit report. I changed my phone number before I stopped paying and the original creditor and the collection agencies never found my current phone ... Read More »

Debt Collector Wants Money I Already Paid. – Larry

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“Dear Steve, I had Aetna medical insurance through December of 2008 and enrolled in Kaiser beginning with my 2009 health insurance. I just received (dated Nov 2) a collection notice from the bill collector, RMS, representing Aetna stating that I owe the Aetna Mail Order Pharmacy for two prescriptions in 2008. They give no information of what the medications were, ... Read More »

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