Statue of Limitations on Debt Collections

What kind of debts are in collections? Is it secured or unsecured? The SOL laws in Arkansas are as follows.

It would be a credit card account, unsecured. My Friend had a Citibank Visa, I think and was making payments around 1999 & 2000 when she noticed that the payments were not being deducted. She contacted them and tried to get the error fixed. Even though she was making more than the min. payment, they were not showing it and then adding late charges on top of that. She told them that she wouldn't be making any more payments until they fixed her balance and showed it correctly. She tried for two years to get it straightened out. She finally just gave up. Now, after all these years they have turned it over to a collection agency and then a law office. We traded phones & numbers years ago cause of a guy and I was getting calls asking if I was her. I would ask who they were and they would say they couldn't tell me until I gave them my SS #. Well that didn't fly with me and I told them not to call me again. But we think it might have been the collection agency. Just last week she got a letter from a law firm and the balance owed has gone from a little over 1500 to 5900.

Send a debt validation letter to the CA for showing the account specifics. You need the send the letter through certified mail with return receipt requested and keep a copy for records. Wait for them to validate your account. If the last payment was done in 2000, not only the SOL is expired but it should not be reported on the credit report anymore. This is because negative info stay on the file for seven years starting from the date of first delinquency. You need to dispute the item with the CRA and get it investigated.

If you had a car reposessed 8 yrs ago. Can the creditors come after your assets or garnishments today?

delivered merchandise to a client on a 48approval , it has been 3 weeks now she has decided she's going to keep the merchandise but will not pay the invoice owed on it.

Sounds like you need to sue her...contact your local district attorney's office to find out if there are any applicable criminal penalties, too.

anyone know Marylands SOL ??

medical bill for deceased husband from 2000. health insurance would of paid it or most of it but they never billed them. now they want me to pay them.

Is there a time period in which someone can send a bill for services?

Is there a time period for collections?

This is for the state of Indiana and is for lawn care services?

Is the SOL different on Non-secured and Secured Debt? Does it depend on the state you live in? Or, the state in which you acquired the debt? Wow!! More information, on this pls...thanks.

about 6 years ago i got a mortgage and paid off old debt with that mortgage company. now one of the debter is coming after me for more money. i live in maryland. my question is can a debter come after you for more money if the debt was paid with a collection agency. i am in need of help.

If you have proof debt was paid,send them a copy of this proof & tell them to bugger off.

I had a procedure performed in 9/05. My
HMO has not paid the Hospital. B4 the procedure I sumitted all proper forms and refferals. Non payment may be due to billing
error. Now it is with debt collector. Am I
liable after almost 3years in 06/08 in Illinois?

does anyone know the sol in oklahoma

Oklahoma SOL

Oral 3 years
written 5 years
Promissory 5 years
Open-ended accounts 3 years

the last time i heard from this credit card was 2004, they raised my apr from 9.9 to 27.9 because of ex husbands accounts on my credit report default, they refused to lower my apr, this was my own card, so i told them i would pay when they lowered it, just today a collection agency called demanding full,payment with 5 years of late fees, can they do this now?

Yes they can. You fell victim to the Universal Default clause so you have been accruing interest at 28% for the last 5 years as well. What state do you live in? Was 2004 the last time you made a payment?

A collection agency can balloon the amount and they can demand payment in full but chances of them collecting everything they demand are almost zero. That old of a debt has probably been passed around quite a bit. With some strong negotiating you could easily pay a lot less than what was originally borrowed. Also check the SOL because it may have expired if you haven???t paid in 5 years.