Legal Question in Credit and Debt Law in Pennsylvania
Debt collection
Hello,
I was simply wondering if there is a statute of limitations regarding collection of a debt. If no action has been taken on the part of the collector (aside from monthly statements/reminders), does the debt become invalid after so many years?
Asked on 3/27/07, 11:20 am
1 Answer from Attorneys
John Gibson
John W. Gibson, Esquire
Re: Debt collection
Yes. The statute of limitations is generally four (4) years.
Answered on 3/27/07, 2:18 pm