Debt collectors rarely disappear on their own. Old balances can be sold, resold, and pursued in different ways for years, even after the legal window to sue has closed. I want to walk through how long ...

You may have a legal obligation to repay old debts, but there are also strict limits on debt collectors' tactics.

Creditors can try to collect a debt even if the statute of limitations is past so long as they do not sue or threaten to sue, the Third U.S. Circuit Court of Appeals rules in a case of first ...

The statute of limitations is the length of time creditors can sue for a debt. This period is usually around three to six years. Many, or all, of the products featured on this page are from our ...

In January 2012, Asset Acceptance LLC, one of the nation's largest consumer debt buyers, agreed to pay a $2.5 million civil penalty to settle Federal Trade Commission charges that it made a range of ...