Mar 20, 2012. This means that your debts may become too old for a creditor to. an action to be brought long after the circumstances which gave rise to it.
Aug 27, 2012. Know your rights when it comes to debt collection statutes of limitations. Your debts might be too old to collect. Contact us for a free attorney.
Credit Report – How Long Can Information Be Reported. mentioned above even if you paid the debt in full before the end of the allowed reporting time period.
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Apr 3, 2017. The tax debt has been removed from the IRS's active inventory due to a lack of. so long at it involves government business, but there is debate at the FCC about. which the IRS believes to be potentially collectible inventory.
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The statute of limitations is the time period a creditor can still sue you for debts. Creditors only have a certain duration of time they can attempt to collect a debt by.
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Jun 13, 2012. Some debt collection agencies buy old debts, out the Statute of Limitation. The Illinois Statute of Limitations mandates the length of time debt.
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This was a pretty long winded answer to a short question. Have you looked at your hardship collection options, or being deemed un-collectible by the IRS?
Apr 6, 2017. Do you know about the statute of limitations on debt? Here's a full guide to help you understand this law and find out what it is in your state.