When you have debt it pays to know what your delinquent debt statute of limitations of are. Basically this means that you need to know how long your debt will be staying with you on your credit report and how long you can actually be sued for having this debt. Of course there is no simple answer for this and this can vary in the United States State by State.
So what are the delinquent debt statute of limitations by state?
Well luckily it’s easy to get the info you need to find the statue of limitations for debt because the excellent site Bank Rate have provided a great chart that gives you info for written contracts, oral contracts, promissory notes and open accounts which includes credit cards.
So check out Bank Rates great article and find out what your states statue of limitations for debt are: State statutes of limitations for old debts
I would love to know if you have had any experience in these areas and what it’s been like dealing with it.
Thanks for reading.