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For legal reasons, a statute of restrictions forbids debt collectors from suing you for old debts.

For legal reasons, a statute of restrictions forbids debt collectors from suing you for old debts.

Legally, a statute of limits forbids debt collectors from suing you for old debts. The limitation duration differs for different varieties of financial obligation and will be re started under specific circumstances therefore never assume a financial obligation collector is banned from collecting a financial obligation beneath the statute of restrictions mainly because the relevant time frame has expired. Gather your documents, review your re re payment history, review the agreement, and contact a legal professional if you think the debt might be too old to enforce in court before you make any payments or promises to pay.