When Can a Creditor Sue You for a Debt They Just Bought?

Answer A debt collector purchasing a debt can file a civil lawsuit to collect the entire balance owed. The timing depends on how soon the debt collector initially contacts the debtor, and whether the debt... Read More »

Top Q&A For: When Can a Creditor Sue You for a Debt They Jus...

Is It Better to Pay Your Debt Off Through a Creditor?

Paying off a debt through the original creditor is usually a good idea but often is not possible. For example, the original creditor may refuse to accept payment for a delinquent account it has alr... Read More »

How long can a creditor hold a debt against you?

The statute of limitations on debt varies by state. Generally, a creditor or collector can pursue a debt up to six years after the last date of activity. Some states, however, may allow up to 15 ye... Read More »

Can a creditor sue you while you are in a debt consolidation program?

Credit counseling that involves debt consolidation does not guarantee that a creditor won't sue. However, a credit counseling service can go to bat for you. It can work out a satisfactory payment a... Read More »

Can a creditor collect on a credit card debt over 8 years old?

Every state has its own statute of limitations on credit card debt. A statute of limitations is a time frame for when the debt can be collected. In all 50 states, the statute of limitations on cred... Read More »