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Debt Tips
Collecting Time-Barred Debts
Most courts that have addressed the issue have ruled that the FDCPA
does not prohibit debt collectors from trying to collect time-barred
debts, as long as they do not sue or threaten to sue you for the debt.
If a debt collector sues you to collect a time-barred debt, you can
have the suit dismissed by letting the court or judge know the debt is,
indeed, time-barred.
Whether a time-barred debt — or any debt for that matter — can
appear on your credit report depends on how long the debt has been
delinquent: debts that have been delinquent more than seven years
cannot appear on your credit report, with certain exceptions. In
addition, a debt collector may not try to collect a debt that has been
discharged in bankruptcy, no matter when it was incurred. Source: Federal Trade Commission
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Date Added: 2009-04-16 Views : 175
