Debt Collection-Judgement and SOL
Hi. I had an old CC debt from 2/98. It was charged off and sold to a Collection Agency. The original amount was $800. The CA filed a judgement against me in 2004 for $1400. When I sold my house in 2006 I had to settle all judgements. The CA would only release the lien for $3100.
I live in Iowa. Did the CA file a judgement outside of the SOL on debt collection? If they did, how is that possible?
thanks in advance,
Erin
Asked on 4/17/07, 8:49 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Re: Debt Collection-Judgement and SOL
Generally, the statute of limitations on written agreements is ten years. The judgment lien that they obtained in 2004 can be enforced for ten years after that.
Answered on 4/20/07, 10:14 am
