Can a cosigner restart the statute of limitations?

by Becky
(New Jersey)

Can a cosigner revive the statute of limitations of an old debt in the state of NJ?

Reply from

Generally, a cosigner can revive the statute of limitations on an old debt by making a payment or by agreeing to begin making payments (depending on state law.) Since we aren't attorneys, we recommend you talk with a consumer law attorney in your state to understand your rights in this situation. If you need help finding one, try the website of the National Association of Consumer Advocates.

Click here to post comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2016 by Mary Reed and Gerri Detweiler.
All rights reserved.