Legal Question in Credit and Debt Law in New Jersey

The statute of limitations to commence a cause of action to enforce payment of a debt in NJ is six years. N.J.S.A. 12A:3-118(a). The statute of limitations period begins on the due date or dates stated in a note. Is the due date the date of final payment on the note or the date of full payment set by a collector hired to collect on a delinquent account?

Mike


Asked on 10/01/09, 1:10 pm

1 Answer from Attorneys
Robert Davies The Davies Law Firm, P.A.

the debt collector has nothing to do with it.

you really need to tell all the facts to a lawyer and get an answer.

there are a lot of debt collectors out there trying to get payment on old, stale accounts. a good lawyer can put a stop to the harrasment.

Give me a call if you would like to talk it over. The telephone discussion will be free of charge, and I will let you know what I believe I can do to assist you further. My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

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Answered on 10/06/09, 1:21 pm


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