As part of series of articles (blogs)
regarding Credit and Credit Score, here we
Every effort has been made to make these
articles as complete and as accurate as
possible, but no warranty or fitness is implied.
The information provided is on an “as is” basis.
The author shall have neither liability nor
responsibility to any person or entity with
respect to any loss or damages arising from the
information contained in this book.
The author is not engaged in professional
services. If professional advice or other expert
assistance is required, the services of a
competent professional person should be sought.
Statute of Limitation on Collecting Debts
Collection agencies have a
time limit to sue the consumer. This time limit
is different for different types of accounts and
could vary from state to state. Remember, as
long as the collection agencies sue the consumer
before the time runs out and they win, they
could collect the money whether or not the time
has passed the limit.
For example, in the state of Texas we have the
following statute of limitation for unpaid
medical and credit card type of accounts:
Medical Bills: 2 years from the
date of the last activity
Credit Card Bills: 4 Years from
the date of the last activity
Remember, these are the
times than debt collectors can demand that you
to pay and go after you (Suit you for the
money). If the time passes the above window
without filing the suit, after these days, they
cannot suit and demand the money. However, your
unpaid debt will still show up in your credit
files for up to 7 years of the last activity.
HOW to overcome the problems with your credit
history and credit score?
Knowledge, education, awareness, practice and
discipline are the essential keys to being
successful on any subject. The book,
"Credit Score Tips and Tricks",
provides you information, tools, techniques to
educate yourself and manage your credit report &
credit score, and therefore manage your finances
effectively at no additional cost.
I have decided to bring and share with you,
chapters or sections of the book,
Credit Score Tips and Tricks,
as series of
articles here. This is the number
13-1 of such a
I also created and manage a GROUP in ActiveRain,
Credit Reports and Credit Scores, Please
feel free to join and share your thoughts and