statute of limitations

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  Can I Just Ignore My Private Student Loans passed the Statute of Limitations?

  Question: Dear Steve, I took out two private student loans around 1995/1996 for veterinary school. I did not complete my degree and was paying on the student loans until I was laid off from my job as...

  • Posted November 20, 2018
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  California Stands Up for Consumers – Again

  Criticize California all you want but recent changes in California law actually does something people across the country think is common sense and needed. A bill in California legislature, (AB 1526) awaiting the signature of Governor Brown...

  • Posted August 30, 2018
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  If My Student Loan Debt Was Sold Does That Restart the Statute of Limitations?

  Question: Dear Steve, Old BOA student loan debt sold to Student Loan Solutions. State of residency: Maryland If a debt was written off, last payment made was in 2009, the debt was sold in 2017, does the...

  • Posted May 1, 2018
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  Just Because You Are Being Chased for Student Loan Debt Does Not Mean You Owe It

  Question: Dear Steve, I attended college on a company education program. The program signed and send the voucher tuition check to the school. later, after the time to drop the class with no fee had passed the...

  • Posted April 27, 2018
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  How Does My Daughter Get Her Time-Barred Student Loan Debt Off Her Credit Report?

  Question: Dear Steve, My daughter was unable to pay her private student loan and the statute of limitations will soon run out on her loan. So after the statute of limitations runs out can she get the...

  • Posted February 14, 2018
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  Is Defaulting On My Private Student Loans My Only Choice After a Divorce Where My Ex-Husband Cosigned?

  Question: HELP!! I am currently about $400,000 in debt with student loans. Let me start at the beginning. My federal student loan debt was used to acquire my undergraduate degree while staying at home and raising my...

  • Posted January 29, 2018
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  I Haven’t Paid My Private Student Loans in Six Years

  Question: I am currently in a massive amount of debt. I currently make 52k a year before taxes and my wife is currently unemployed. I have around $50k in private student loan debt that I have been...

  • Posted January 29, 2018
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  I Got Sued Over An Old Debt and Lost on My Statute of Limitations Argument

  Question: Dear Steve, I live in Ct. I opened a credit card account here. I had a medical emergency and defaulted on the loan. The last payment received was on 10/05/11. The loan was charged off by...

  • Posted January 10, 2018
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  I’ve Never Paid My Private Student Loans and Want to Get It Off My Credit Report

  Question: Dear Steve, I know I am not the first in this situation. In 2005-2007 I took out private student loans before I realized that you could file FAFSA and it would do the work for you....

  • Posted October 5, 2017
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  Why Haven’t My Parents Been Contacted Over the Defaulted Private Student Loans

  Question: Dear Steve, Our situation is a little complex, so please bear with me as I try to explain. My parents who currently reside in MD are legally responsible for a large, defaulted private loan that was...

  • Posted July 25, 2017
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  I Cosigned for Student Loans From International Academy of Design and Technology And I’m Stuck

  Question: Dear Steve, I co-signed for my daughters school loan. Private and government loans. I went bankrupt in 2009 and lost everything my home everything. Sallie Mae had the loans at the time. I sent certified to...

  • Posted May 31, 2017
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  Trump Skewers West Virginia Consumers by Changing Law

  Senator Trump (R), who is also the Chairman of the Judiciary Committee, proposed Senate Bill 563 which was recently enacted by the legislature in West Virginia and signed into law on April 21, 2017. The new law...

  • Posted May 11, 2017
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  When Will My Sallie Mae Tuition Answer Loans Become Uncollectible?

  Question: Dear Steve, Thanks for all your work and info. I am trying to determine the SOL on my loans have defaulted with last payment date in 2010 but I believe got put into deferment then last...

  • Posted April 6, 2017
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  When the Statute of Limitation is Shorter Than You Think Will Surprise You

  Question: Dear Steve, Not a question, just a fyi about Ohio Supreme Court case from 2016, Taylor v. First Resolution Investment Corporation. SLIP OPINION NO. 2016-OHIO-3444. This case has 5 important components for CC holders in Ohio:...

  • Posted November 15, 2016
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  Can My Private Student Loan Lender Still Collect From Me? – Anthony

  Question: Dear Steve, Private student loans charged off years ago. Creditor reported to credit reporting agencies as such (at least to Transunion), but now has reported them as being OPEN and CURRENT with a $0 balance. My...

  • Posted September 2, 2016
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  Can I Just Say Goodbye to My Private Student Loans Under the Statute of Limitations?

  Question: Dear Steve, Thank you for providing a resource like this. My situation is rather mild, but the numbers are rather extreme. I have some federal student loans and 2 different companies for private student loans. I...

  • Posted May 19, 2016
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  Did the Private Student Loans Vanish Under the Statute of Limitations?

  Question: Dear Steve, My husband has some private student loans which were taken out in 2002 and his mother cosigned on them. She has made payments at some point on this loan, although I have no idea...

  • Posted April 11, 2016
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  Can I Just Let My Private Student Loans Expire and Say Goodbye?

  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....

  • Posted December 1, 2015
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  7 Things You Need to Know About the Statutes of Limitation for Debt

  If you have old unpaid debts, it can be helpful to know the statute of limitation that applies to those debts. If the statute of limitation (SOL) has expired, a debt is said to be “time-barred,” and...

  • Posted April 23, 2015
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  The 2 Words Debt Collectors Don’t Want to Hear

  While much of the debt collection world is straightforward and, quite honestly, a little boring, some people in the industry treat it like a free-for-all. “There are widespread attempts to add charges to debts that aren’t legal....

  • Posted April 13, 2015
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  Why Have My Private Student Lenders Not Sued Me Yet?

  “Dear Steve, I went to a public school and obtained 2 degrees. A good portion of my student loan debt were in private loans. The economy crashed in 2008 and I couldn’t find work in 2009 so...

  • Posted April 9, 2015
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  Student Loan Statute of Limitations is Perplexing

  “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...

  • Posted February 18, 2015
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  The Statute of Limitations Has Expired on My Sallie Mae Student Loans

  “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...

  • Posted February 5, 2015
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  Can a Credit Union Chase Me to Another State for an Old Debt?

  “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...

  • Posted September 4, 2014
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  CFPB and FTC Want Debt Collectors to Tell You When They Can’t Sue

  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...

  • Posted September 7, 2013
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  I Work for a Debt Relief Company and Have a Question About a Client. – Chris

  “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...

  • Posted June 13, 2013
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  Which States Statute of Limitations Applies to My Old Debt? – Brooke

  “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...

  • Posted April 26, 2013
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  Debt Relief Companies and Time-Barred Debt. New CFPB Rules.

  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...

  • Posted October 29, 2012
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• I Just Received a Summons From Bank of America. Can I Use the Statute of Limitations as a Defense? – Chris

  “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,...

  • Posted August 3, 2012
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• I’m Being Sued for a Debt From 28 Years Ago With My Ex-Husband. – April

  “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...

  • Posted May 29, 2012
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• Noteworld Could Not Settle My Discover Account and I Now Think It’s Expired Under the Statute of Limitations. – Mary

  “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...

  • Posted May 14, 2012
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• I Owe a Debt from 7 Years Ago and Just Gave Them a Payment. Will I Still Owe the Debt? – Rachel

  “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....

  • Posted April 10, 2012
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• I Moved to Virginia from New Hampshire and I’m Being Sued for An Old Credit Card Debt. – John

  “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...

  • Posted March 28, 2012
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• I Have a Judgment Against Me for a Car Loan. What Are They Statute of Limitations?

  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...

  • Posted March 16, 2012
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  What You Need to Know About Time Barred Debt the Statute of Limitations and Debt Collection

  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...

  • Posted January 30, 2012
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• What is the statue of limitations in Iowa on revolving credit or debt. – David

  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...

  • Posted December 30, 2011
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• Statue of Limitation for Louisiana – Clara

  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...

  • Posted December 26, 2011
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• Why Would Anyone Pay a Debt Outside the Statute of Limitations? – Mike

  “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...

  • Posted December 13, 2011
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• Debt Collector Wants Money I Already Paid. – Larry

  “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...

  • Posted November 14, 2011
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• Can I Be Sued for Encyclopedias I Bought 13 Years Ago? – Katie

  “Dear Steve, In 1996 or 1998 i purchased some encyclopeida from a sales man and at the time he quoted every one in our little town a price which was under 500.00 and then he talked us...

  • Posted November 9, 2011
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• We Just Got Hit With a Judgment for a 12 Year Old Debt in Florida. – Bill

  “Dear Michael, Assignee of credit card issuer got judgment against my son in 1998 and recorded it in July 1998. Nothing happened for over ten years. In 2010 they filed a motion to garnish his pay, which...

  • Posted June 13, 2011
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• I Received a Letter From Debt Collections USA for a Really Old Debt. – Rolando

  “Dear Damon, I received a letter from Debt Collections USA dated 2/23/11 that said they had been hired to peform a “billing service” (their quotation marks) for City Urgent Care for a total of $90. I am...

  • Posted May 17, 2011
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• Debt Buyer Gets Caught With Data Pants Down and Law Firm Loses Big Bucks to Consumer

  A recent $311,000 judgment against a North Dakota law firm makes it apparent why the debt buyers have to be very careful when relying on the data supplied by the previous owners. Back in the 1990s a...

  • Posted April 5, 2011
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• Collectors in NY, NM, WI, MS Forced to Tell Consumer if Debt Can Be Collected

  The New York Times is reporting that more consumers will now be informed if old debts can be collected through the court or if they have passed the statute of limitations. Bill collectors in New Mexico will...

  • Posted January 21, 2011
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• When Does The Clock Start Ticking on Time Barred Debts? – Jen

  I have no statements from collecion agencies. First is Providian. charged off 2003. They sold accout to KnightsBridge (Ohio), settled with them in 2009, they are out of business. All I have is my banking history. Now...

  • Posted November 6, 2010
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• Bill Collectors Are Trying to Get Me to Pay for a Lease From 20 Years Ago. – Tom

  Tom “Dear Steve, I was evicted from a home in New Jersey 1989 and this week I get a letter from a lawyer stating that he represents the owner and wants me to send him over $5000.00...

  • Posted October 15, 2010
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• JD Enterprises is Chasing My Husband Over An Old AT&T Debt. – Jennifer

  “Dear Steve, Jd enterprises contacted my husband at work about a debt from AT&T that is over 10 years old. They told him we owed $1300, but would accept $800 today. If we didnt settle today he...

  • Posted October 7, 2010
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• Capital One is Charging My Interest for an Account They Charged Off. – Caren

  “Dear Steve, Back in 2001 I had an account with Capital One. I disputed a charge and never paid and it resulted in them both closing and charging off the account in 2002. This was over 8...

  • Posted September 25, 2010
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• How the Soldiers’ and Sailors’ Civil Relief Act Can Help You

  Service personnel experience financial difficulties that are unique and need special attention. Fortunately, there are special laws to help them cope and this article discusses their rights and protections under the Soldiers’ and Sailors’ Civil Relief Act,...

  • Posted June 1, 2010
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• Can Claim Be Dismissed Because of Expiration of Statute of Limitations? – Christopher

  “Dear Steve, I received a Summons to appear in Civil Court. The Plaintiff is a collection agency, attempting to collect over $18,000. The Summons included a fax cover sheet from Chase Bank, with whom I had an...

  • Posted May 9, 2010
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