Statute of limitations on debt - What you Should Know about the FDCPA. A complete listing of statute of limitations on when a debt collection agency can claim a debt or sue you for a past debt and we listed each statute for each U.S state
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Debt Collection and the Statute of Limitations Laws for Bad Debt
A debt collector is typically a company that has been hired to collects a debt for a particular company which issued you credit. The debt collection company gets paid when they get payment from you so it's important for them to contact you and attempt to get any money they can. Keep in mind debt collectors should abide by the Fair Debt Practices Act (FDCPA)
Attorneys who collect debts abide by the strict letter of the law and will normally place a garnishment on your wages or attempt to freeze your bank accounts (if they can find where you bank). Debt collectors can contact you in person, by mail, telephone, telegram, or fax. More often they will attempt to contact you by phone if you do not respond to a letter that may have been sent. When your account is placed on collection, debt collectors will do just about anything (hopefully within the law) to get money out of you.
Unless you agree or ask a debt collector to do so, a debt collector may not contact you at inconvenient times or places, such as before 8am or after 9pm. Debt collection companies may not contact you at work if the collector has been informed not to contact you there as it disrupts the business of the employer.
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