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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John Tonetti: Flow During the Debt Cycle

6 June 2013

New York Assembly Passes Debt Collection Bill; Also Lowers Statute of Limitations

25 April 2013

Statutes of Limitations Frustrate Debt Collectors and Consumers

25 March 2013

FDCPA Reform: Sound and Fury?

6 March 2013

Colorado Debt Collection Laws - 50 White Papers in 50 Days

11 February 2013

Debt Buyer Bills Backed by AG Swanson Introduced in Minnesota

15 January 2013

Bill Targeting Debt Buyers Advances in New Jersey

14 December 2012

Bill Bartmann: Temporarily Ban Debt Collection Lawsuits

5 November 2012

UPDATE: Location Announced for CFPB Field Hearing on Debt Collection

19 October 2012

Paper Launches Investigative Series on Debt Collection

8 October 2012

Debt Buyer/Collector Settles Class Action for $575,000

10 September 2012

Where are the Hottest Growth Areas in the ARM Industry?

9 August 2012

Talk About Old Debt: German Town Reveals 450 Year-old Receivable

20 July 2012

Aged and Out-Of-Stat Accounts Webinar Now Available Free on Demand

18 July 2012

What Percentage of the ARM Industry is Collecting Aged or Out-Of-Stat Medical Debt?

7 June 2012

LiquidEdge to Host Free Webinar on Out-of-Stat Accounts

5 June 2012

LiquidEdge Offers Business Case on Collecting Out-of-Statute Debt Accounts

9 May 2012

The Most Treacherous Place for Debt Collectors in the U.S.A.

15 March 2012

FTC Halts $5 million Debt Collection Scam Operating in India

22 February 2012

Turn Around, Bright Eyes: Chase Bank Slows Down Consumer Lawsuits

15 February 2012