The statute of limitations for collecting on judgments varies from state to state. While a judgement drops off of a credit report after seven years, the amount of time to collect on that judgment may well exceed seven ye... More »

When facing a debt collection lawsuit, respond to the claim whether or not you intend to dispute it, the Consumer Financial Protection Bureau advises. Otherwise, the court may award a default judgement to the debt collec... More »

www.reference.com Government & Politics Law Debt Law

The statute of limitations that regulates how long creditors can sue to collect old debts varies by state, according to the Federal Trade Commission. Most states have statutes of limitation that lasts three to six years,... More »

www.reference.com Government & Politics Law Debt Law

According to Consumer Affairs, the statute of limitations for payday loan companies or any other debtor to collect on debts varies from state to state. Credit Solutions Program points out that some debtors continue to pu... More »

A statute called the Texas Business and Commerce Code Section 9.609 says a creditor can use self-help repossession but can only seize collateral if it can be done without a breach of the peace, according to Weber Law Fir... More »

www.reference.com Government & Politics Law Debt Law

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 »

www.reference.com 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 »

www.reference.com Government & Politics Law Debt Law