I wanted to inquire if anyone is familar with 1. Missouri law on debt. I had someone contact me that believes that I owe them for a bill that was aquired when they were roommates. This debt is over 11 years old. Is anyone aware of the limit in which they can file to collect the believed debt? Can you file in another state from when the debt was aquired?
2007-01-14 13:35:35 · 10 answers · asked by John J 1 in Business & Finance ➔ Credit
Not trying to be tight about anything..........not sure I owe it........... I had left the house long before the debt came about and could have been any of 4 people.
2007-01-14 14:08:37 · update #1
Dont know about Missouri law but without any evidence to prove it
I doubt you have anything to worry about. Everyone would be going around doing that if it worked. Think that is someone just trying a long shot. Dont lose any sleep over it.
2007-01-14 13:46:37 · answer #1 · answered by Northern Spriggan 6 · 0⤊ 0⤋
I work in credit management but not in your country. Basically the principle's are the same, the older the debt the less likely it will ever be paid & a debt collection agent isn't likely to be bothered putting in the effort to seriously chase this seeing as it's so old. You haven't said how much is involved so if it's for a large amount like $10,000 or something, it's more likely to be seriously pursued. But you have to question why someone would out of the blue suddenly start chasing this after 11 years. Personally, I'd ignore it. If they have no evidence you owe it then even if it was a recent debt there's no way you have to pay it.
2007-01-14 16:38:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The Statute of barriers (SOL) for NH is 3 years from the in simple terms proper pastime or charge. at the same time as precisely did you're making that very last charge? The debt would or received't be previous the SOL searching on that very last charge. even if it truly is previous the SOL, deliver the sequence company a approved, go back receipt letter telling them to stop and desist all contact because the debt is previous the SOL. they ought to end. yet will probable promote the debt to a special sequence company. you should deliver yet another stop and desist to the subsequent company. or you should grant to settle the account for type of 25%. Lump sum charge receives the suitable deals. Any charge plan ought to have be to couple of minutes period. Get any settlement settlement in writing and save it, alongside with the charge data, continuously. do not provide the collector direct get proper of entry to on your economic agency account. easily tell your father to not communicate to the creditors on the phone. some, not so truthful, creditors will do something to get money, consisting of threats to take his living house -- they could't. the more serious they could do is visit court docket, get a judgment and placed a lien on the living house. won't be able to pressure a sale or foreclosure.
2016-11-23 18:47:41 · answer #3 · answered by kunkle 4 · 0⤊ 0⤋
Is this an individual or a company that is trying to collect? In either case they would have to be able to validate the debt with some type of signed contractual agreement.
Is this reporting on your credit report? If so I would issue a simple dispute to see if it can be removed.
If you are receiving harassing phone calls simply advise them that they are no longer allowed to contact you by phone and get a fax number so you can fax the same to them in writing. Tell them the only contact they are allowed is via mail. If they continue to call you tell them that you are going to report them to the State Attorney General's office.
2007-01-14 14:43:22 · answer #4 · answered by mbustamonteicr 1 · 0⤊ 0⤋
Have you tried to talk with the person that is alleging that you owe the debt? Try to work it out with them 1st, get all of the relevant information just in the event that you have to seek legal services. You will be aware of all aspects and have something to work with.
Beverly
2007-01-14 14:32:09 · answer #5 · answered by bajllc 2 · 0⤊ 0⤋
You have 30 days from the receipt of the collection letter that was sent to you to have the creditor prove that you are responsible for that debt. They must send you documentation to prove that the debt is yours if they can not you do not have to pay. If they have not sent you anything in writing I do not believe that you are obligated to pay anything.
2007-01-14 17:05:19 · answer #6 · answered by HappyDaisy23 1 · 0⤊ 0⤋
Well, the credit bureaus keep credit info on the credit reports for 7 years, after that you are not responsible for payment of the debt.
2007-01-14 13:44:55 · answer #7 · answered by locknkey 3 · 0⤊ 0⤋
It is 7 years they can file a lawsuit in small claims but it will go no further then that and it will be thrown out..u have no worries.
2007-01-14 13:44:48 · answer #8 · answered by Brandy 1 · 0⤊ 0⤋
This may help:
http://www.fair-debt-collection.com/SOL-by-State.html#26
apologies if it doesn't.
2007-01-14 13:40:25 · answer #9 · answered by Please help 1 · 0⤊ 0⤋
if you owe them the money then pay up and stop being so tightfisted!
2007-01-14 14:05:15 · answer #10 · answered by Anonymous · 0⤊ 3⤋