is there a statue of limitation,on a bill that has not been payed in 7 years, now there trying to collect?

Answer 1

Now-a-days I think collection company's resell the bill to other companies to try and collect the debt. My husband has a bill (gas CC) from his previous marriage 14 years ago, it is not on his credit report, but they are trying to collect it still- they just resell it to other places and those places will offer a settlement deal.

Answer 2

They have passed the statute of limitations, maybe even on a court judgment, but that varies from state to state. Court judgments are only good for 14 years in my state. However, a word of caution, if you made any payments on this bill, the statute of limitations is counted from the date of the last payment, not the date the debt was incurred. In my state, the Statute of Limitations on this debt would be 4 years or 6 years, depending on whether it's based on a written agreement. Your state bar office may have a service that gives free advice. If not, they will have a referral service for attys who can and will give you free advice on this question, which seems really simple if I knew where you lived. Look for an atty who specializes in Collections Law. If I were you, I'd pay a lawyer to write a demand letter to the collectors. If you put them on notice and they continue to bother you, you could sue them under the Fair Debt Collection Practices Act and it awards mandatory damages--but you've got to give them notice to stop trying to collect.

Answer 3

After 7 years, the charge off should fall off of your credit report. The down side to this is that your original creditor may have sold your debt to a second or third party collection company. These companies are typically know as the bottom feeders of America. They buy your old debts for pennies on the dollar and then pop it on your credit report. They do not have the authority to do this. Go to budhibbs.com and you can get some great advice on what actions you should take. FYI, never pay a 2nd or 3rd party debt collector, especially over the phone. They have been known to take more than what you authorized to pay!!!!!! Good luck..

Answer 4

you'd have to check the statutes in your own state. I tried that once and managed to get the telephone collector off my back (stating the statute of limitations had run), but then when I needed phone service again they refused it till I paid the bill, so (because I was in a better position to pay it by then, and because I really needed the service) I paid the bill.

Answer 5

Is there a legitimate excuse for not paying a bill for SEVEN years?
If a collector has not given up after that long, though, you can be fairly certain they won't until you pay them what you owe!

Answer 6

Not only the owner of the bill is liable but also his estate after his demise is liable.
There is no such a limitation.
I am still harrased about my higher ed loan , and that was almost 20 years ago.

Answer 7

in case you owe the money, you owe the money. in the event that they are in a position to instruct genuine looking attempt (ie. a letter, bill or telephone call) in accumulating the money over the years than no statute of llimitations exists. i'm not sure that statute of obstacles is even accliapable for debt or all people could be doing this.

Answer 8

Yes, unless they got a judgment in court, then they can renew the judgment forever until it's paid.

Answer 9

yes, it is a bronze structure on the court house mall. it is quite limitless.

Answer 10

Maybe. Is this for the IRS ? Maybe not.