I recently received a phone call from my ex wife stating we owe $14K on a private student loan that was taken out over 10 years ago for me to go to school. The loan was not paid and now we are in danger of being sued by the company that bought the loan.
Does the statute of limitations apply in my case since the loan is over 10 years old and the current company bought the loan back in 2005? I live in Arizona and my research has told me that the statute of limitations in AZ is 6 years. Can you help me with this question?
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