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Entries Tagged as 'statute of limitations on debt'

If Agency Isn’t Suing – Is Collection on Old Debt Legal?

December 17th, 2009 · 2 Comments · Debt Collection, I'm being sued!

We talked in this post about the recent round table held by the FTC on the collection of old debt. It was universally agreed that it is unethical and possibly illegal to sue on time-barred debt, or debt which is past the statute of limitations. There was extensive discussion on the case Kimber v. Fed. [...]

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Statute of Limitations on Debt When You Move

July 27th, 2009 · 2 Comments · Legal Stuff

The statute of limitations (SOL) on debt is an important weapon in your arsenal against collection firms who are trying to sue you for a debt. The simplistic definition of SOL is this: the amount of time from date of last activity that a person or company has to sue you. Each state has its [...]

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