Legal Question in Credit and Debt Law in Minnesota

Statute of Limitations of Debt

I was told that there was a Statute of Limitations on Debt and that it was four years. If this is true where can I find this information. I owe/owed a college some money and I was contacted by a lawyer and I made an offer for monthly payments. He said he would get back to me after he spoke with the college. I didn't hear anything for four and a half years. Then a collection agency called me asking for the money. I in good faith made an offer for monthly payments I could afford and no reply was given. Now this is on my Credit report and I am getting phone calls and letters demanding this money. Is there a statute of limitations?


Asked on 4/08/99, 2:39 pm

2 Answers from Attorneys
Susan Freiman The Legal Clinic

Re: Statute of Limitations of Debt

Even worse than that - If you make an offer to pay, you may revive the debt, even if the statute of limitations has run.

If you can't afford a lawyer, try your local legal aid society. Msot bar associations also have a panel of lawyers who will work for a reduced fee.

Good luck!

Susan Freiman

The Legal Clinic

P.O. Box 9407, Herzlia Street 29


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Answered on 4/09/99, 10:21 pm
Stuart Williams

Re: Statute of Limitations of Debt

I don't know your state's laws, but a quick summary

of statutes of limitations that I have on my wall shows

a 6 year statute in MN for contract obligations.

You'd better call a local attorney!

Stuart Williams

Law Offices of Stuart J. Williams

21 Walter St.


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Answered on 4/09/99, 6:56 pm


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