Statute of Limitations
Can you tell me what the statute is in NJ? This is for a credit card debt that I thought was charged off. Im not sure when I stopped paying on the card, and I have no old statements to look at and when I try to contact the original creditor, the only information I can get is that "The account has been closed."
I received a letter today from a Law Firm stating that the account was purchased by Their client, The letter also states that "at this time no attorney has reviewed the circumstances of this account.
Please help as I am on Partial disability and have been unemployed for 2 years. Also I may be moving to Mass. in a few weeks what laws govern in that case?
Thank you for your help,
Reply from DebtCollectionAnswers.com
According to our sources, the statute of limitations for most consumer debts in both New Jersey and Massachusetts is 6 years. (However, we are not attorneys so please don't take that as legal advice.)
If the law firm is a debt collector it must provide you with written verification of the debt if you request it.
One way you may be able to find out when you last paid on this debt is to get your credit reports. The original creditor probably still appears on your reports as a charge off. If it was charged off more than six years ago then there's a good chance it is outside the statute of limitations.
Just because you on a limited income doesn't mean you can't get affordable legal help with this issue. You may want to go ahead and get a free consultation with a consumer law attorney to see if the debt collector is staying within the law in its attempts to collect from you.