Steve
Bradenton,#2Consumer Suggestion
Thu, January 19, 2006
The Statutes of Limitations for debt collections is different in every state. There is no difference between secured and unsecured debt as previously suggested. The 3 different variables are: 1. Written Contracts 2. Oral Contracts 3. Promissory Notes In CA where Karen lives, the SOL is 4yrs on both written contracts and promissory notes, and 2 years on oral contracts. SOL range from 2 to 15 years on credit card debt depending on your particular state, and type of agreement.
Steve
Bradenton,#3Consumer Suggestion
Mon, January 16, 2006
IL: 10 years for written contracts which includes most credit cards. 5 years for oral contracts. NY: 6 years, all debts. You need to file separate complaints to the FTC for each violation. This maximizes the number of complaints in the database, which causes enforcement. Also, check your credit report, most likely you have a collections entry now to deal with. Send the collector a cease communications request. Send by certified mail, return reciept requested.
Karen
Norwalk,#4Consumer Suggestion
Mon, January 16, 2006
I have had dealings with the very same company , and I need to inform you that the statue of limitations on open debt collection is 4 years (based on un - secured debt) and ( 7 years on secured debt). So there is no 20 year limitation on debt collection. You shold refer to FDCPA Laws