Legal Question in Credit and Debt Law in Texas
Debts Dropped?
If you have credit card debts and havent paid on them in 7 years are they finally dropped??
Asked on 5/24/04, 12:13 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Debts Dropped?
Under Utah law a creditor has 7 years to file suit for collection, and if not collected then the statute of limitations stops suit. However, the debt can be kept on your credit history for 10 years.
Answered on 5/24/04, 9:51 am