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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CFPB Extends Time-Barred Debt SNPRM Comment Deadline

26 March 2020

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25 March 2020

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9 March 2020

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6 January 2020

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11 December 2019

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Texas Passes Debt Buyer Legislation Addressing Out-of-Statute Debt

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