Legal Question in Credit and Debt Law in Texas

Statue of limitations on collecting a non secure debt

Is there a statue of limitations where a collection company can not contact you over a non payment of a non secure debt. and how long will it remain on your credit report? Thank you


Asked on 6/21/05, 9:29 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Statue of limitations on collecting a non secure debt

The debt remains forever until paid. The statute of limitations, which varies from state to state, simply bars a lawsuit after the time has run. A bad debt should remain on your credit report for seven years after the date of default. That date is the date payment should have been made, and never was made.

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Answered on 6/22/05, 5:09 am


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