Legal Question in Credit and Debt Law in Pennsylvania
statute of limitations in Pa
I was wondering what the statue of limitations is on a debt collector in Pa. My husband and I are trying to buy a house and there is a seven year old collections on our credit report keeping us from getting the loan. the creditors also have sent letters within the last few months. When I called the creditor and ask them to remove this they told me that they could contiue to collect on this debt until it has been settled.
2 Answers from Attorneys
Re: statute of limitations in Pa
The statute of limitations is four years. Suggest you get an attorney to help you deal with collection agency.
Re: statute of limitations in Pa
The statute of limitations is 4 years. It can remain on your credit report for 7 years.
They often try to collect after the statute of limitations period. If you admit that it's your debt, they can successfully argue that the time period starts over for another 4 years. You need to have an attorney deal with the collection agency for you.
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