TOP 3 Credit Repair Companies

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TOP 3 Credit Repair Companies


Statute of Limitation on Old Debts

There are many misconceptions about old debts and how long a credit has to collect on the debt. Many people believe that once an account is charged off, it is gone for good. Other people believe that a debt can haunt you forever, and you can never get away. In fact, some collections agencies will even tell you the same, that they can hunt you down for the rest of your life until you pay the debt owed to them. The truth is that neither of these are true. There are laws that specify exactly how long a creditor has to collect on an old debt.

Most states have laws on the books about this subject. The time periods vary widely based upon the state where you live and even the type of debt. Debt collectors have anywhere from three to ten years to attempt to collect on old debts. Once the statute of limitations has passed, the creditor or collections agency no longer has any right to contact you or file a lawsuit to collect this debt. It is important to check the laws in your area if you have a concern about an old debt.

If you have old debts that you are trying to clear up, or you would just like advice on how to improve your credit, we can help. We have provided a list of the top ranked credit repair companies working in the in the United States for you to browse and find the one to best help you achieve your financial goals.

Recent Blog Posts

If you have landed on our site it probably means that you are looking for Learn More

Often we are asked “Can’t I just repair my credit myself”.  The answer for this Learn More

It is now February and this means you have probably received all of your W2 Learn More

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