Statute of Limitations on Loans?

Answer When a loan goes unpaid, consequences can include a negative mark on your credit report, calls from collectors and even a lawsuit. However, the last and most severe consequence is time-barred.

Top Q&A For: Statute of Limitations on Loans

What Is the Statute of Limitations for Payday Loans in the State of Illinois?

While the statute of limitations for payday loans is the same for any other debt in Illinois, other restrictions on payday loan collection apply. State law places restrictions on the collection act... Read More »

What Is the Statute of Limitations for a DUI?

Driving Under the Influence (DUI) is considered a crime in all U.S. states. In every state, the per se law stipulates that operating a motor vehicle with a blood alcohol content of .08 percent and ... Read More »

The Statute of Limitations for Discrimination?

When discrimination at work occurs because of a person's race, color, national origin, religion, sex, disability or genetic information, federal law allows the person to file a "Charge of Discrimin... Read More »

Statute of Limitations Laws in the UK?

In UK law, limitations are placed on how long a person can wait before bringing cases of particular types. The various Limitation Acts, predominantly but not exclusively the Limitation Act 1980, ar... Read More »