The statute of limitations for collecting debt in Florida is four years for oral contracts or open-ended accounts. For written contracts or promissory notes, the statute of limitations is five years. More » Government & Politics Law Debt Law

State law sets statutes of limitations for debts, which may vary from state to state, according to the Federal Trade Commission. Some states have several statutes of limitations. The applicable law depends on the type of... More » Government & Politics Law Debt Law

Debt collection statutes of limitations vary by state, the Consumer Financial Protection Bureau notes. Companies can attempt to collect a debt indefinitely, but they cannot sue debtors to collect debts for which the stat... More » Government & Politics Law Debt Law
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The Fair Debt Collection Practices Act and Florida Consumer Collection Practices Act prevent creditors from being able to collect debt through abuse, harassment, misleading or deceptive methods, according to Nolo. They a... More » Government & Politics Law Debt Law

To file a lien in Florida, there first must be a judgment passed. The judgement must grant a settlement in favor of the creditor. The creditor must then show proof of judgement granted to the county recorder in the count... More » Government & Politics Law Debt Law

As of 2015, LVNV Funding LLC holds a license to operate in Florida, according to the Florida Office of Financial Regulation. The company maintains an active state business license, and the company's consumer collection a... More » Government & Politics Law Debt Law

The statute of limitations on credit card debt in Texas is four years. This statue of limitations means that a creditor cannot sue a debtor over a debt once four years has passed since the last day the debtor made a paym... More » Business & Finance Credit & Lending