Anyone know debt-collecting law? Can a company collect on a judgment debt specifically 15 years old?

Can a company collect on a judgment debt specifically 15 years old? It's not a existing estate or secured loan, just money that be owed. My co-worker is getting letters and call from a collection agent that says their gonna sue him.

Wow really? Well I guess i'll be getting sued soon. lol.

A debt is a debt is a debt. Doesn't matter how aged it is.

They have severely little to stand on. It is likely a company that "purchased" the debt from the untested company that offered the loan or credit card. They buy debt for pennies on the dollar and use scare devices to coerse the person that owes the money to make available them money. Since it's 15 years old they wouldn't win a court brawl.

That being said, these are guidelines or rules they own to follow while trying to collect a debt as provided by the Consumer Credit Protection Act.

The Act prohibits certain types of "rude and deceptive" conduct when attempting to collect debts, including the following:

Contacting consumers by telephone outside of the hours of 8:00 a.m. to 9:00 p.m. local time

Contacting consumers within any way (other than litigation) after unloading WRITTEN notice that said consumer wishes no further contact or refuse to pay the alleged debt (unless it is to utter that collection efforts are mortal terminated or that the collector intends to file a lawsuit)

Contacting consumers at their place of employment (after have been told vocally or in writing that this is not acceptable)

Continuation of collection hard work after receiving WRITTEN request from consumer for validation of debt, unless/until validation is provided

Misrepresenting the debt or using fraud to collect the debt

Publishing the consumers name or address on a "fruitless debt" list

Adding extraneous "fees" or "charges" to the productive balance (unless allowed by law)

Threatening consumers next to arrest or legal conduct that is not if truth be told contemplated or even possible

Using abusive or profane dialogue in the course of communication related to the debt

Revealing or discussing the personality of debts with third party (other than the consumer's spouse or attorney)

Reporting false information on a consumer's credit report or threatening to do so in the process of collection

Filing lawsuits contained by places other than where on earth the consumer lives or signed the contract

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Answers: I a short time ago love these answers.....did anyone (other then OC1999) read the sound out?

First, somewhere in this request for information you have something confused. When you speak "judgment debt" that system that the collector already went to court, get a judgment, and have been trying to collect.

You after go on to right to be heard the collection agent says he is going to sue him? That doesn't formulate sense if they already did 15 years ago!?!

So I'll answer this question for you both ways. If they get a judgment 15 years ago, next there is a persuaded amount of time that they have to collect. Each state is different (see the connect below). In some states, they must collect within 10 years. If they don't, they will not know how to sue you again for it.

In other states (Michigan for example) the judgment is appropriate for 10 years, but if they go pay for to court and file for an extension formerly the 10 years is up, they can extend it another 10 years. In some states they are limited on how lots extensions they can get, others are unlimited.

So you have need of to find out what the judgment SOL is, and check near the court to see if it's still valid. Did they extend the judgment? If not, it's no longer any well-mannered and can't be enforced.

Now, if the creditor did NOT sue you and didn't get a result, you are working under the debt Statute of Limitations...again this will enormously from state to state. None of them are over 10 year. Maybe this is what is going on now...the collection agent does not own a judgment at adjectives! If that is the baggage he's out of luck because the debt SOL has surely run out.

Read the links below...if you are still confused contact me and I'll pace you through how to get this figure out.

Edited:

OK, so now your subsequent step is to check your state law and see if the verdict is still good. Contact your local court clerk, or dance down and examine the files yourself (they are public record).

If it be a "judgement" then i.e. through the courts and he would have already own been sued. There would be no root for a collection agency to call. The company would merely go through and try to garnishing his wages, attach his bank rationalization or any real property he have.

If it is something like a Credit Card debt, consequently 15 years is outside of every state's SOL so they can try to collect the debt but not take him to court. The simply thing he have to be sure of is to make sure he did not reset the SOL at some point within the last few years, such as making a reimbursement. If he did reset it then they might still know how to sue him.

That doesnt make sense...you said its a taste debt that means she already have been sued.

Than you said they sent her packages saying they will sue her.

If the debt have been reduced to a sentence than the judgment is perfect for 10 years and can be renewed. In some states only once so that make it 20 years all together and other states liek CA more.

Be more specific roughly speaking what the status of the debt is so that we can give you a apposite answer.

Collection Agency has a right to collect Debts next to Interest. If not, Agency will take, and leagaly could row, file a satchel in court against co-worker or any body involves within debts. I'm on debts almost 4000 dollors, and I pay contained by every month 100 dollors for 3 years agreement. Once Agency has adjectives the details, addresses, work place, or other personal contacts, they can awfully easily track and, or they can come and run all the valuble stuff to cover up their debts amount. I will suggest, at least possible go to a Collection agency and start pay cheque even for 5- 10 years payments, before it get worse. I'm on Disability, and I still have to salary.I knoe some people store, and keep on moving. but. their's still a risk. Agencies never bequeath up , and keep investigate untill they find debters. Once they find even after various years time, it's too bad for the individual hasto oay with lots of interest. We'll enjoy tp consiconces. Pls. ask your Co-Worker to start paying little by little amount and get rid of stress. In Courts this thing will look at it like fraud. Some times relations will go to thw Jail to clear the fraud penelty. I know very all right, and I always research every Legal matter.

No, max is 7 years. Due to the reason that contained by a seven years period you will be paying difficult interest rate. Also they already count as a lost income. I hope that help.

a judgement last for 10 years of c/r they can try to colloct but can't rob you back to court for it

You can attitude debt collecting laws set by the Federal Trade Commission below and where on earth to report violations.