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Statute of Limitations

Can I Just Let My Private Student Loans Expire and Say Goodbye?

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Question: Dear Steve, I owe 104K in private loans. I think I have 8. One of the loans has a cosigner. If I quit paying my loans and still continue to pay the one with the cosigner. I am to the point where I can’t afford to live. I have a good job but can’t get ahead. Is it possible ... Read More »

    Student Loan Statute of Limitations is Perplexing

    law books

    “Dear Steve, My fiancée has over $60k in private student loans. The original amount borrowed was $35k she is a teacher and always thought the student loan forgiveness program would apply and we discovered it doesn’t We have calculated that she cant afford to pay the minimum payments and reduce the balance. Her last payment was May 2014, I read ... Read More »

      The Statute of Limitations Has Expired on My Sallie Mae Student Loans

      closeup of a gavel on cash, from above

      “Dear Steve, I took out 4 student loans in 2005, 2 Federal and 2 Private. I am current and making payments on the Federal, but my 2 private loans with Sallie Mae have more than tripled in size since 2007. Sallie Mae is trying to say I made a payment in 2009, but there is conflicting information on my credit ... Read More »

        Can a Credit Union Chase Me to Another State for an Old Debt?

        Adult Ed - Questions

        “Dear Steve, I have a debt from a local credit union in Texas. Last payment made December 2009. My credit reports shows it as collection/charged off. However they still show a balance. The Texas SOL is 4 years. I have not lived in Texas the whole time, I have lived in Florida and Texas since then. I have kept the ... Read More »

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

          Adult Ed - Questions

          “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” Dear Chris, I’m very happy to assist you to help this client. I believe the client is talking about the statute of limitations. The only states it is four years are California, ... Read More »

            When Does the Statute of Limitations End on My Foreclosed Mortgage? – George

            time and money

            “Dear Steve, I’m resident of CA (only live in CA), but I had a property in AZ . I had purchase money deal 80/20 original loan. I had to refinance less in a year later because HOA had rules on backyards on the golf course (was not disclosures too me). So I had to refi my 2nd TD and I ... Read More »

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

              Magnifying Glass - Q&A

              “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 »

                Should I Ignore My Old Debt and Let it Fall Off My Credit Report? – Adriana

                money

                “Dear Steve, I have three old collections…1st one is 3yrs old, 2nd is 4yrs old and 3rd is 5yrs old…Should I try and pay them off??? I am trying to clean my credit but not sure if to the them if they are under 3yrs or 4yrs and the older ones wait to fall off? Which old collections should I ... Read More »

                  A Company Says They WIll Sue Me Over a Decade Old Capital One Debt. – Cheryl

                  no bullshit

                  “Dear Steve, I received a call on my cell from a blocked number this morning at 8:00 am that left a message giving a phone number and case number and stating it was from Legal Service, no company name, and something about issuing a summons. I called the number back and spoke to someone who claimed she was from FSM ... Read More »

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

                    Ready to Collapse

                    “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

                      Ready to Collapse

                      “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

                        Ready to Collapse

                        “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

                          Ready to Collapse

                          “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

                            Ready to Collapse

                            “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 »

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

                              Ready to Collapse

                              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 »

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