what is the statute of limitations on debt collection

The statute of limitations on debt is complex, because there is not one statute but rather many statutes governing how long a collector has to contact or sue you for a debt. These statutes change according to the type of debt, amount of debt, and even the state in which you live (or that was specified in the original debt contract). The statute of limitations on debt may even … [Read more...] about Statute of Limitations on Debt: How Might This Protect You?