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.

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