The debt statute of limitations is the legal time limit a party has to collect a debt through the court system. After that time a creditor or third party, such as a debt collection law firm, may not sue to enforce the credit agreement. Collecting using traditional methods such as calling or lettering is still allowed. The statute of limitations varies from state to state and by type of debt, and is typically between three and 10 years.

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SOL Accrues When Collection Suit Served, Says Court

12 October 2023

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Ninth Circuit Confirms Discrete Actions in Debt Collection Litigation can Trigger FDCPA One-Year Statute of Limitations

30 August 2023

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Nevada Expands Collection Agency Licensing Requirements

5 July 2023

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Pennsylvania Appellate Court Rejects Claim That Dunning Letter Sent Post-Expiration of The Statute of Limitations Violated Law

24 April 2023

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CFPB vs. PRA-Top 3 Takeaways and PRA’s Response

29 March 2023

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6th Cir. Holds FDCPA SOL Triggered on Date of Last Violation, Not Date Faulty Collection Action Was Filed

9 March 2023

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CRC to NY DFS: Proposed Rules Harm Consumers; Conflict with Existing Law

21 February 2023

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NYC Debt Collector Rules - Amendments Proposed; Public Hearing to be Held Dec 5th

28 November 2022

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Aged Account Comes Back to Haunt Collections Firm: Federal District Court Revives Time-Barred FDCPA Claims

27 September 2022

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Virginia Governor Vetoes Medical Debt Collection Bill

20 April 2022

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New York Enacts Significant Changes Impacting Debt Collection Lawsuits

29 November 2021

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Maryland High Court Rules Debtors’ Attempts to Void Judgments for Unlicensed Debt Collection Subject to 3-Year SOL

27 October 2021

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Court Finds FDCPA SOL Accrues on Date Debt is Reported to CRA; FCRA Does Not Require Adherence to Metro 2 Guidelines

6 May 2021

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FDCPA’S Bona Fide Error Defense Applies to a Mistake of Law in Determining the Appropriate Statute of Limitations

18 March 2021

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Part 2 of the CFPB's Final Debt Collection Rule (Reg F) is Here

18 December 2020

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2020 Collections-Related Case Law Year in Review

17 December 2020

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CFPB Debt Collection Rule Released: How Did the Cookie Crumble on Hot Industry Topics?

30 October 2020

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Debt Collection Should be on Congress' Mind, Congressional Research Service Suggests

26 October 2020

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The Trichell Offspring Saga: M.D. Fla. Dismisses FDCPA Suit for Lack of Standing

20 October 2020

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CFPB Sues Encore for Issues Related to Collection Litigation and Time-Barred Debts (and the Irony Behind Some of These Claims)

9 September 2020