The debt statute of limitations is the legal time limit a party has to collect a debt through the court system. After that time a creditor or third party, such as a debt collection law firm, may not sue to enforce the credit agreement. Collecting using traditional methods such as calling or lettering is still allowed. The statute of limitations varies from state to state and by type of debt, and is typically between three and 10 years.

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2020: What’s on the Horizon for the Debt Collection Industry

6 January 2020

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Supplemental NPRM for Time-Barred Debts Coming "Very Early in 2020"

19 December 2019

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Supreme Court: FDCPA Claims Run from Date of Violation, Not from Date of Discovery

11 December 2019

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Mass. AG Enters $4M Settlement with PRA for Allegedly Violating Consumer Protection Laws

11 November 2019

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After Oral Argument, U.S. Supreme Court Seems Poised to Preserve FDCPA SOL Status Quo

24 October 2019

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Argument Day is Here: U.S. Supreme Court Reviews Whether Discovery Rule Applies to FDCPA Claims

16 October 2019

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CFPB's Semi-Annual Report Contains Some, But Not Much, Information About Debt Collection

10 October 2019

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Lively Debt Collection Debate Likely in House Fin. Servs. Committee Hearing Tomorrow

25 September 2019

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Texas Passes Debt Buyer Legislation Addressing Out-of-Statute Debt

6 June 2019

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Illinois State Appellate Court Upholds Dismissal of FDCPA and State Law Claims, Finds 4-Year UCC SOL Not Applicable to Credit Card Purchases

23 May 2019

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Two Recent Developments on the Discovery Rule and the FDCPA: Second Circuit Says Discovery Rule Doesn't Apply, U.S. Supreme Court Agrees to Review the Issue

15 May 2019

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11th Circuit: Letter Offering to “Resolve” Out of Stat Account Contains Implicit Threat of Litigation, Requires Out of Stat Disclosure

8 April 2019

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Can the FDCPA’s One-Year Statute of Limitations Be Expanded under the “Discovery Rule”? Supreme Court Will Decide

26 February 2019

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Compliance Checklist for Collection Professionals – A Look Back at 2018’s Most Critical Issues

7 January 2019

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N.D. Illinois: Debt Buyer Cannot Collect Interest if Implicitly Waived by Original Creditor’s Actions; Finds Debt Buyer is Subject to FDCPA

27 September 2018

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California Imposes SOL Notice Requirement on Debt Collectors; Bans Legal Action on ‘Time-Barred’ Debt

28 August 2018

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FDCPA Caselaw Review for June 2018

12 July 2018

3rd Circ: FDCPA Statute Of Limitations Runs from Date of Violation, Not Discovery

6 June 2018

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Richardson v. LVNV Funding, LLC and the Dilemma of Unclear Out-of-Stat Requirements

28 November 2017

5th Cir. Holds Threat of Lawsuit to Collect Partially Time-Barred Debt Did Not Violate FDCPA

21 September 2017