Legal Question in Credit and Debt Law in Utah
Can a debt collector try to collect on a debt that was charged off 12 yrs ago when i lived in another state of Nv when the credit card contract was originially made and fell into default. I just received a collection letter from a secondary party asking for settlement. Am i obligated to this debt after all these years?
1 Answer from Attorneys
The state in which the debt originated establishes the statute of limitations. Most states have statutes of limitations less than 12 years. That does not mean that a collector cannot buy a delinquent debt and still try to collect. However, if you get sued you can point out the statute of limitations to the court and avoid a judgment.
You can also point out the statute issue to the collector, perhaps he will drop the case.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
