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Is there a time limit for collecting debt?

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Debt collectors contacting you about old debts can raise some suspicions. Can they contact you about an old debt? 

If you haven’t paid a debt, the creditor can pursue indefinitely for the debt unless you settle the debt or have it discharged in bankruptcy.

The creditor can only list the past due balance on your credit report for seven years.

Finally, the statute of limitations on debt prevents the credit card issuer from taking you to court over old debts, but it doesn’t stop creditors from coming after you for payment.

 

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