The law varies from state to state but after a certain number of years (often four to six years), a creditor may no longer be able to enforce a debt against you in court.
The statute of limitations begins to run normally at the time of the signing of the contract. Your State Attorney General’s office, consumer division, can often help you to determine if the statute of limitations has run on your debt. You may still be sued by creditors in some cases but you can assert the statute of limitations defense and the case may be dismissed.
If you need help dealing with this or any related debtor or creditor issue, email us at email@example.com. We’ll be happy to help!