Sentences with phrase «clock on an old debt»

Now, according to a December 31 Wall Street Journal article, always creative debt collectors are teaming with MasterCard on a credit card solicitation specifically designed to induce debtors to re-set to zero the statute of limitations clock on an old debt.

Not exact matches

In some states making a payment on an old debt or even agreeing to a repayment plan can reset the clock on the statute of limitations, but it never gets reset on your credit file.