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Can my debt get so old that I don't have to pay it anymore?
Age doesn't make debts automatically go away. The time period after which creditors cannot file a lawsuit to collect a debt varies by area and type of debt. Debts are no longer enforceable by law after a certain amount of time, but they could still be listed on your credit record. If you pay the bilRead more
Age doesn’t make debts automatically go away. The time period after which creditors cannot file a lawsuit to collect a debt varies by area and type of debt. Debts are no longer enforceable by law after a certain amount of time, but they could still be listed on your credit record. If you pay the bill or acknowledge it, time-barred debts may reappear. Regarding previous debts, review local legislation and take into consideration getting legal counsel.
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