Legal Question in Credit and Debt Law in Minnesota

I need to know how long can a creditor go after you? And how long do you have to keep paperwork of debts paid off?


Asked on 9/22/09, 11:32 am

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Generally, contract statute of limitations is 6 years, but there are exceptions for certain types of debts (like revolving credit, etc.)

You should keep receipts of debts paid at least 6 years.

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Answered on 9/27/09, 12:33 pm


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