Legal Question in Credit and Debt Law in Florida

Re: credit bureaus

If you make a payment on an old account the effect is that the statute of limitations starts over. If the original s/l was 4 yrs, then the 4 yr term starts anew.

Re: credit bureaus

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The debt remains due and owing until it is paid. Any payment on an account will reset a statute of limitations, if any, on the account.

Scott R. Jay, Esq.