How can a debt collector come after you?

When you do not pay a debt, the creditor has several options. You can try to win, you can sell the company to recover the debt, or simply be deleted. Of course, they also have the option to sue for the outstanding debt plus expenses. But how long can, or the collection agency that collects on their debt, to go after the money?

collection agencies such as the new debt. If they can get> Debt which was lower in the last 180 days, have a high probability to contact you for payment. When you buy the debt, get the latest phone numbers, address, social security number, the creditor and any other information you consider important. You can also get original signatures or documents showing that you accept the terms of service and are legally responsible for the debt.

When the collector takes possession of the file,begin to pursue immediately. You get letters, phone calls, and the lingering suspicion that every time the phone rings, will be someone who wants the contents of your wallet. Debt colder, harder work, because they know where to find it.

After a period of time, usually 9 months to a year, the debt starts to be known as "stale." This debt is much more difficult to collect. Someone who has failed a credit card or credit card is probablyfailure of others, and who face eviction or have moved to try to find work. Their telephone numbers probably will not work, the address is not valid, the debt collector has to work harder to find (see CC2: as debt collectors to find). This debt, at the time of purchase, has a much lower efficiency that makes the new debt. Because it is far cheaper than fresh from a debt collection agency for the purchase.

Elderly remainsout of debt. From the legal point of view, every state has rules about how long a person can be sued by a collection agency trying to collect the debt. When the debt exceeds a certain number of months or years after the initial default, the collector can not sue for it. That's why often demand in the months before the debt is outside the law. Once the lawsuit was filed, regardless of the timeout. There is no limit of time from the filing date. Beforedeposit, however, have a limited time.

Outside the public debt is very difficult to collect. However, since it is so cheap, has very few dollars collected for a collection agency to make a profit. It is possible that, depending on the initial contract may also try to collect interest at the rate of default. So we have very few payments for these people to feel rich. Since the time period varies from debt, you should be familiar with the laws of your statewith respect to collections. Texas is one of the most favorable to the debtor at 2 years, and Ohio is one of the most serious in 15 years.

The conclusion, however, is that there is no time limit for them to try to collect. Is there a time limit to inform you, but you can call forever.

A final note on this: If you respond to a collection agency by paying or write a letter, the clock starts running again on the outside of the statutes of the collections.At that time, we may quote once more, provided the original deadline from outside the state has not passed. And if you want the calls to stop, you have to learn their rights under the Fair Debt Collection Practices Act (FDCPA).