Most people realize that if they owe money, the company they owe money will try their best to collect it, oftentimes sending a collection agency after them, destroy their credit score and also, in some cases, take them to court. But here’s a question; how long exactly can add company keep trying to collect a debt?
The fact is, nothing in this life lasts forever. Nearly anything that a person does, even most (not all) criminal activity, has what’s called a “statute of limitations” that keeps it from going on forever. Debt is one of the things that definitely has a statute of limitations, meaning that after a certain amount of years there is no way for a company, or a debt collection agency, to continue to pursue a person who owes that particular debt.… Read the rest