Legal Question in Credit and Debt Law in Florida
lawsuit by collection agency
We have been served lawsuit by collection agency for an old credit card account which we have not made payments on in 4 years. On what basis can collection agency sue in State of Florida and when is a debt time barred?
1 Answer from Attorneys
Re: lawsuit by collection agency
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A collection agency can sue if a debt has been referred to their office for collection. Some courts will bar a claim due to the statute of limitations after either 4 or 5 years depending on the obligation. Other courts have ignored the statute and allowed the claims to go forward.
Scott R. Jay, Esq.