Q: If there is a debt that that does not appear on my credit report and it is past the time that they can report it do I have to... read more →
A statute of limitations is a law passed by a legislative body in a common law system to set the maximum time after an event within which legal proceedings may be initiated. Source – Wikipedia
After some changes to federal laws in 1998 and 2005, the statute of limitation on student loans has been dissolved (with some very limited exceptions), which means that you can... read more →
When debt collectors are contacting you regularly and you’re wondering if you should just pay off the debt to get rid of them, stop! Many consumers don’t realize that the... read more →
When you miss a credit card payment, mortgage payment or end up going into deep debt that you can’t realistically pay off within a reasonable amount of time, you put... read more →
Q: I have a credit card company that keeps calling me.....they took me to court in Texas and never showed up, but I did. I ask them if I could... read more →
Q: I have an interesting question from someone who wanted to know about the statute of limitation on an old credit card bill. This man wrote me saying, “I have... read more →
Question: I am a 23-year-old college student with a bad debt of about $12,000 with American Express. I believe the Statute of Limitations in Maryland is 3 years. I do... read more →
Q: How long does a negative item stay on your credit report? A: This debt should have long since fallen off your credit report. Under the Fair Credit Reporting Act,... read more →
Q: I owe Dell Computer about $3,000 due to lack of payment. I tried to pay them monthly but they won’t accept that. They want a settlement of $1,800 or... read more →
Q: Should I pay off old debt from department store credit cards that are at least 10 years old? It seems like my creditors re-sell my old credit accounts to... read more →
Q: I opened A credit card account back in college in the year 2000. I have never paid it off the amount I owed. Should I pay it or not? A:... read more →
Consumers often pay off debt for which creditors can no longer seek legal action because the Statute of Limitations has already expired for the account. Consumers pay off these accounts... read more →
