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Reply to "DH received a collection letter for a very old debt"
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[quote=Anonymous][quote=Anonymous]Can you get sued for these type of bills or credit card bills ? I thought they went to collection agency and the collection agency did it’s best to recoup the money [/quote] Only if it’s within the timeframe of the statute of limitations. That varies by state, between 3-10 years. https://www.bankrate.com/finance/credit-cards/state-statutes-of-limitations-for-old-debts-1.aspx If you admit to owing the debt after the time specified by the statute of limitations, the clock can get reset to 0 again, and then you can be liable for paying the debt again. https://www.bankrate.com/finance/debt/6-ways-not-to-reset-old-debt-1.aspx#slide=1 [/quote]
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