Can Debt Collector Sue Me for a Five Year Old Debt?

by shan conger
(grand junction, Co )

Can a debt collection agency sue me after 5 years?

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Sep 12, 2011
Can Debt Collector Sue Me for a Five Year Old Debt?
by: Debtcollectionanswers.com.com

You did not indicate the kind of debt you are concerned about and that is important because the statute of limitations -- the length of time that you can be sued -- varies by type of debt. However, if the debt is credit card debt, my sources indicate that the statute of limitations in CO for that type of debt is 6 years. The statute of limitations begins ticking on the date that you made your last payment on the debt.

If you want more information on the statute of limitations in CO, contact a consumer law attorney in your area; your state attorney general's office may also have information that would be helpful to you. Another suggestion is to
get our ebook Debt Collection Answers.

You should know that once the statute of limitations has expired you can still be contacted about the debt and if you admit that you owe it or offer to make even a small payment on it, you will start the statute of limitations running on the debt all over again.

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