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The Federal Government and the Provinces have Limitation Acts which provide a limit on the time an unsecured debt survives. The Alberta Limitations Act sets 2 years as the term. Under this legislation collection attempts must be attempted within either (i) two years after the person making the claim knew or ought to have known of the claim, or (ii) 10 years after the claim arose, whichever period first expires.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agostatue of limitations states two years unless a judgement has been made. six years maximum on your credit report
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Texas debt collection limitation?
This is an extremely broad question. What kind of limitation are you talking about? If you mean the statute of limitations (sol) - its 4 years.
What is the statute of limitation on collection of a debt in state of Florida?
They have up to five years in Florida. The clock starts when the last debt acknowledgement occurs.
How do you stop debt collection harassment after statute of limitation?
Just call your phone co and have them put a block on the calls
Can a debt collection compoany chase you for a debt that is nine years old?
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 along with your state. You should get the answer, there are a lot of websites that have State Statute of limitation. Thanks!
What is the statute of limitation for debt collection for contract in Michigan?
A contract is a written document. Michigan has set the limit at six years.
What is the statute of limitation on credit card debt inFlorida?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is measured from the last use or payment.
Does a credit card debt that has been passed to a debt collection agency need to be paid the original debt is from 1978?
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 along with your state. You should get the answer, there are a lot of websites that have State Statute of limitation. Thanks!
What is the statute of limitation for ex spouses credit card debt in Illinois?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Illinois is 5 years. That is measured from the last use or payment.
What are the statute of limitations of debt in India?
what are the statute of limitation of debt in india gujarat for NBFC housing finance company
What is the statute of limitations for debt collection in Michigan?
There is no statute of limitations for debt collection in Michigan. You can continue to collect as long as the debt is owed. The debt can be sold as well.
Can a collection agency try and collect a bad debt after statute of limitation has been reached and if your spouse has made contact without your consent and they have sent a letter with the debt amous?
They cannot. Please double check on the State Statute of Limitation. In some states it is applicable from the date the debt is purchased. So, please check that. If you are sure, ask the collector to validate the debt.
What is the statute of limitation on credit card debt in New york?
The statute of limitation for unpaid credit cards in N.Y. is 7 years.
