Legal Question in Credit and Debt Law in New York
Signed student agreement
I signed an areement on may 23 2000 i was sent one book i sent in a payment i moved and 8 years later they want me to pay whatever the lesson cost am i liable
2 Answers from Attorneys
Re: Signed student agreement
Assuming payment was sent in year 2000 and assuming that the contract you signed was based on NY law, the statute of limitations period to commence an action for breach of contract in NY is 6 years. Therefore, an action under NY law should have been commenced in 2006.
Mike.
Re: Signed student agreement
The statute of limitations on a written contract in New York is 6 years. The 6 years has to do with when they can bring a lawsuit, not your liability.
The Fair Credit Reporting Act, allows the credit reporting agencies to report a negative payment history for 7 years.
It appears you defaulted on this debt over 8 years ago. Which means the above statutes have effectively defanged your creditor.
If you have any other questions, or this creditor is harassing you, send me a direct email at [email protected]
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