Statute of Limitations FAQ

Frequently Asked Questions About Statute of Limitations on Debt

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Being contacted about an old debt can be annoying. Even though debt collectors and creditors can contact you about a debt as long as you still owe it, they can only sue you for a certain amount of time. That amount of time is known as the statute of limitations. Here are answers to some of the most frequently asked questions about the statute of limitations on debt.

What's the statute of limitation for my debt?

Each state has it's own laws on the statute of limitations for debt, depending on the type of account.

Credit cards and loans, for example, are different types of debt and may have different time periods. Some states limits are as low as three years while many others are as high as six years.

Do I still owe a debt after the statute of limitations has passed?

The statute of limitations expiring doesn't erase the debt, it only limits the creditor's ability to use the court to force you to pay the debt. Only paying the debt, having it cancelled, or discharged in bankruptcy will erase the debt.

Can a collector contact me after the statute of limitations has passed?

The Fair Debt Collection Act sets the rules for when a debt collector can and cannot contact you. Debt collectors can still pursue you for a debt after the statute of limitations has passed. This may include sending letters, calling you, and listing the debt on your credit report if it's in the credit reporting time limit.

Can I be sued for a debt after the statute of limitations has passed?

The statute of limitations limits the time a creditor or collector can use the court to force you to pay a debt.

Some debt collectors may sue you even after the statute of limitations has passed. Their records may be different from yours or they may hope you're unable to prove that the debt is no longer legally enforceable. If you're sued after the statute of limitations, show up to court to defend your case with your proof that the time period has passed.

Seek help from a legal professional for additional protection.

When does the statute of limitations clock start?

The most confusing thing about the statute of limitations is figuring out when the clock starts ticking. You say one date, the collector says another. The clock starts on the last date of activity on the account. This could be the last time you made a payment, payment arrangement, or acknowledged ownership of the debt.

What can restart the debt statute of limitations?

Once the statute of limitations has started, you don't want to do something to restart it. If that happens, the debt collector gets much more time to sue you for the debt...read more.

Q: Why is an expired debt still on my credit report?

You might check your credit report and notice that a debt with an expired statute of limitations is still listed. In some cases, it's perfectly legal. The credit reporting time limit, which is seven years for most debts, may be longer than the statute of limitations.

Q: How do I remove a debt from my credit report after the statute of limitations has passed?

The Fair Credit Reporting Act allows you to have old debts removed from your credit report when these debts are inaccurate. The statute of limitations expiring isn't enough to dispute a debt from your credit report.