Debt Consolidation - Loans
& Credit Card Bill - Debt Consolidation
Too much debt? Trouble
keeping up? Behind?
Free
Debt Consolidation
Quote
Fill out our simplified
online form
For
Immediate help
Toll Free - 800
210-1172
Consumers often believe there is a statute of limitation on the debt they owe, because there is a statute of limitation on many other offenses, The fact is, there is no statue of limitation on unsecured debts, only a limitation on the time during which your creditors can sue you for collection of the debt.
If you owe money because of consumer loans or credit card debt, a tax liability, damages related to land sale fraud, overpayment or underpayment of royalties or wages, money allegedly owed under an insurance policy, or money arising from a breach of contract –then you are obligated to pay it and the creditor is entitled to seek ways to make you pay it. The fact that you owe the money may be recorded on your credit report. Even if it has been several years since the creditor or a collection agency last contacted you, the debt remains, even if the time period in which you could be sued for the amount has passed.
Since you do owe the money, the creditor is entitled to seek remedies to get you to pay the debt, even though they can no longer file suit. The date after which you can no longer be sued for the debt is different in each state, as shown below, and the rules are different for debt secured by real property such as a vehicle or home. If you have questions about whether you owe a debt or not, what type of debt these laws apply to, or ways creditors can go about collecting the debt, please consult an attorney to evaluate your options in resolving the issue.
There are laws in place to protect you from abuse or harassment by debt collectors. If you feel you have been the target of unfair or illegal debt collection practices, you can contact the Federal Trade Commission to file a complaint or for additional information.
Debt: Statute of
Limitation by State
Compiled
from various sources around the net.
| State |
Oral |
Written |
Promissory |
| Alabama |
6 |
6 |
6 |
| Alaska |
3 |
3 |
3 |
| Arizona |
3 |
6 |
6 |
| Arkansas |
3 |
5 |
5 |
| California |
2 |
4 |
4 |
| Colorado |
6 |
6 |
6 |
| Connecticut |
3 |
6 |
6 |
| Delaware |
3 |
3 |
6 |
| DC |
3 |
3 |
3 |
| Florida |
4 |
5 |
5 |
| Georgia |
4 |
6 |
6 |
| Hawaii |
6 |
6 |
6 |
| Idaho |
4 |
5 |
5 |
| Illinois |
5 |
10 |
10 |
| Indiana |
6 |
10 |
6 |
| Iowa |
5 |
10 |
10 |
| Kansas |
3 |
5 |
5 |
| Kentucky |
5 |
15 |
15 |
| Louisiana |
10 |
10 |
5 |
| Maine |
6 |
6 |
6 |
| Maryland |
3 |
3 |
3 |
| Massachusetts |
6 |
6 |
6 |
| Michigan |
6 |
6 |
6 |
| Minnesota |
6 |
6 |
6 |
| Mississippi |
3 |
3 |
3 |
| Missouri |
5 |
10 |
10 |
| Montana |
5 |
8 |
8 |
| Nebraska |
4 |
5 |
5 |
| Nevada |
4 |
6 |
6 |
| New
Hampshire |
3 |
3 |
3 |
| New Jersey |
6 |
6 |
6 |
| New Mexico |
4 |
6 |
6 |
| New York |
6 |
6 |
6 |
| North
Carolina |
3 |
3 |
3 |
| North Dakota |
6 |
6 |
6 |
| Ohio |
6 |
15 |
15 |
| Oklahoma |
3 |
5 |
5 |
| Oregon |
6 |
6 |
6 |
| Pennsylvania |
4 |
4 |
4 |
| Rhode
Island |
10 |
10 |
10 |
| South
Carolina |
3 |
3 |
3 |
| South
Dakota |
6 |
6 |
6 |
| Tennessee |
6 |
6 |
6 |
| Texas |
4 |
4 |
4 |
| Utah |
4 |
6 |
6 |
| Vermont |
6 |
6 |
6 |
| Virginia |
3 |
5 |
5 |
| Washington |
3 |
6 |
6 |
| West
Virginia |
5
|
10 |
10 |
| Wisconsin |
6
|
6 |
6 |
Free
Consultation
Fill out our simplified
online form
[ Debt
Consolidation Home
| How
We Help | Qualifications
| Testimonials
]
[ FAQ
| Free Quote | Tips
| Reach Us | Debt Map
]
Allied
Debt Consolidation
All rights reserved. 1998 to present.
Not available in all areas.
Debt Consolidation - Loans & Credit Card Bill - Debt
Consolidation
All rights reserved. 2005 to present.
Last
Updated:
Wednesday, May 20, 2009
|