4 responses

  1. Credit Cards Canada
    March 2, 2011

    This is pretty interesting stuff, and not often talked about. It’s surprising that a judge would not see that the debt is too old and tell the suing party to stop wasting the court’s time (and maybe even fine him for doing so).

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  2. goodnelly
    March 4, 2011

    Yes, I think it is extremely important for the consumers should know about the Statute Of Limiations period in their respective states. This may help them to fight with the debt collectors efficiently. They can’t be bullied by the scare tactics of the debt collectors.
    Take the example of my best friend Giesha. She had a debt which was around 25 years old. She has completely forgotten about the debt. One day, she received a call from a collection agency when she was having dinner with her family. The collector just started shouting on her as soon as she received the call. They told that she owed $95,000 to them. Giesha was asked to pay off the debt within 7 days or she will be sued by the collection agency.
    Needless to say, my friend spent a sleepless night. She called me in the next morning and told me the matter. I didn’t have any knowledge either. We decided to go to States Attorney General Office. We went there are got to know about the SOL period. The SOL period has expired long time back. The Attorney General also told us that the collection agency can’t sue her anymore. What a relief!!! My friend told the collector about it and guess what happened? The collection calls stopped from the next day onwards.

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