Technically, only until the full balance of the debt is paid down to $0. However, some debts are considered open ended, such as credit cards or other lines of credit. While you may not actually owe...
Any debt that does not have collateral property attached to it, (credit cards, personal loans, pay day loans, etc.).
Secured debts are real property (homes, business, vehicles, goods purchased on...
Under the statuate of limitations, if there is NO contact between a debtor and a lender for 6 years, then the debt becomes statuate barred. The debt still stands, however the lender can no longer...
An unsecured debt, generally, is a debt that is not backed by collateral. For instance a car loan is secured by the security interest the lender has in the car. A credit card which is not backed by...
Hello, Please search in google for State Statute of limitation. I could have answered that, if i knew which type of debt it is and which type of contract you have. You should get the answer, there...