Sentences with phrase «collect on old debts»

Consumers frequently complain about debt collectors trying to collect on old debts.

A leading debt - collecting agency has been fined for a pattern of unlawful attempts to collect on old debts.

The statute of limitations only limits the creditors» ability to successfully sue to collect on an old debt.

Not exact matches

Yet they try to collect the full amount from consumers or will be «generous» as they «want to help you», and will offer a 50 % discount off of the old delinquent debt they bought for 5 % on the dollar.

The IRS has a limited amount of time to collect on a debt, so if there are old taxes, you may be better off getting into CNC status, which it seems like you would qualify for and let the debt expire on your own.

On its website, the FTC addresses the topic of time - barred debts, which are so old (between 3 and 10 years old in most states) that debt collectors may no longer sue you to collect them.

Let's say you made it out of debt and you're in the process of rebuilding your credit when an old debt rears its ugly head in the form of a debt collector who's trying to collect on a long - forgotten debt.

The SOL can thwart off lawsuits and collectors when attempting to collect or sue on dusty old debts.