Legal Question in Credit and Debt Law in California

20 year old debt

I was recently contacted by a company which purchased a twenty year old debt that hasn't surfaced for at least 18 years. Is there a time limit on collecting a debt, or can they sit dormant for such a long time and then re-surface?


Asked on 3/15/04, 9:14 am

1 Answer from Attorneys
Larry Rothman Larry Rothman & Associates

Re: 20 year old debt

Without a judgment, the statute of limitations on a written debt is 4 years and 2 years on an oral debt. If there is a judgment, it may be renewed. A judgment is good for 10 years and may be renewed for an additional 10 years. We probably could get rid of this harrassment. Please contact our office at 714 363 0220 for a free consultation.

Read more
Answered on 3/15/04, 9:25 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in California