When is a debt too old to collect?
If a debt collector intends to sue you to collect on a debt, there is a period of time the law allows for the debt collector to do so, otherwise, you will have an absolute legal defense to the claim. This period of time is called the statute of limitations. The particular statute of limitations that applies to certain debts depends on state law and on the type of lawsuit the debt collector files. In Georgia, a lawsuit based on a contract (like a credit card contract) must be filed within six years from the date of...
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