2006-07-13 10:55:14 · 14 answers · asked by z24bitch 1 in Business & Finance ➔ Personal Finance
Yes.
2006-07-13 10:58:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
not unless the company sold the bill to a credit agancy before (and it can be one day before) the bill turned 7 years old. They can keep selling the bill to different companies and keep it alive forever if they wanted to but if it stayed with the original company after 7 years there isn't anything they can do.
2006-07-13 10:59:16 · answer #2 · answered by Knock Knock 4 · 0⤊ 0⤋
Depending on the state you live in and the business where the money was owed, yes.
Some states allow up to 13 years for the company and collection agency's to collect bad debts.
May I suggest getting a part time job in addition to your full time one and get it paid off?
2006-07-13 11:02:35 · answer #3 · answered by Here I Am 7 · 0⤊ 0⤋
I used to work for a collection agency (dont hate me) , and it just depends on the bill, where it occured, and the statue of limitations. Look into the F.D.C.P = Fair Debt Collection Practices Act
2006-07-13 11:08:52 · answer #4 · answered by Gardennymph 1 · 0⤊ 0⤋
It depends. If you haven't made a payment to them within 4 yrs then no they can not come after you. However, they can still get a lien against you, you will receive notices in the mail if your creditors then decide to go after you. If they do that, you should hire an atty. to answer that lien. But you won't have to make a payment IF you haven't made a payment within the last 4 yrs. If you have then you do have to pay for it.
HOWEVER THIS IS NOT LEGAL ADVICE, PLEASE CONSULT WITH A BANKRUPTCY ATTY.
2006-07-13 12:51:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They can always come after you. However, there are statute of limitations on collecting debt. The key date is the date of last payment on the account. The type of account it is (contract, open account, promissory note, etc.)
Good Luck
2006-07-13 11:01:43 · answer #6 · answered by teenriodoll 3 · 0⤊ 0⤋
PLEASE LISTEN TO ME. I HAVE BEEN IN THE DEBT MANAGEMENT INDUSTRY FOR 4 YEARS NOW AND HAVE LOTS OF KNOWLEDGE ON THIS. THE PEOPLE ON HERE ARE NOT COMPLETELY RIGHT. AFTER 7 YEARS IT IS SUPPOSE TO COME OFF YOUR CREDIT REPORT. THEY CAN TRY TO COLLECT ON IT ALL THEY WANT BY BY THIS TIME I SUGGEST YOU DO NOT SEND A PAYMENT AT ALL AS THIS STARTS THE STATUTE OF LIMITATIONS ALL OVER AGAIN AND YOU DO NOT WANT TO DO THIS BECAUSE THEN THEY CAN COME BACK AND SUE YOU AND GARNISH YOU. DEPENDING ON WHAT STATE YOU LIVE IN BECAUSE EACH ONE HAS ITS OWN LIMITATION TIME. PLEASE PLEASE E-MAIL ME IF YOU HAVE ANY OTHER QUESTIONS. I PROMISE I WILL NOT GIVE YOU FAKE OR HARMFUL INFORMATION ONLY INFORMATION TO HELP YOU OUT. YOU CAN ALSO NEGOTIATE A SETTLEMENT WITH THE CREDITORS. CONTACT ME FOR HELP AND MORE INFORMATION. I HOPE THIS HELP YOU
2006-07-13 11:07:04 · answer #7 · answered by LOVE MY LIFE 5 · 0⤊ 0⤋
Yes. The theory that some "people" have is that it goes away in 7 years. Well, it does go away from your credit report in 7 years, if you pay the debt.
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2006-07-13 10:59:21 · answer #8 · answered by Bighand 2 · 0⤊ 0⤋
yes, they can file liens against your property, they can get collection agencys after you, they can file this against your credit report making it difficult to get a loan or something in the future
2006-07-13 10:58:39 · answer #9 · answered by elmobeta12 3 · 0⤊ 0⤋
Yes.
2006-07-13 10:58:32 · answer #10 · answered by Sir J 7 · 0⤊ 0⤋