In the state of georgia how long must pass before a creditor can no longer collect on a debt?
825880
I don't believe there is a statute of limitations on debt collection here in Georgia.  If you owe the debt, the collector can try to collect it at any time, even 10 years from now.  However, as far as your credit goes, it now stays on your credit report for 10 years.  I would just tell you to bite the bullet, contact them and just make arrangements to pay it.  Don't let them bully you into paying what you can't afford because then  you'll never pay it at all.  Whatever you think you can afford to pay them, tell them thats what you're going to pay each month.  That way you won't always feel like you're just waiting to be served those papers by the magistrate court.
105812
after about seven years assuming you have cleared your debt.  However, if you are nearing the 7 year mark and it is yet unpaid, it is in some cases actually better to not pay it and let it disappear, otherwise you pay off the debt but have to wait another 7 years before it clears from your credit history statement. Nothing like waiting 6 years and paying something off and having another 7 years on your credit history saying it's paid but paid way late.
214814
No, no most of the answers are wrong, your negative credit reports will never clear themselves, check with your state, usually the statute of limitations on debt is seven years, seven years from the date of the negative report, you can pettition the bureaus to remove any that are over the statute of limitations. No one will remove them for you, you have to do the foot work.
816011
In North Carolina the staute of limitation is 7 years. Call the IL sheriff's dept or a majestrate and just ask them.
660755
Again, many wrong answers.  Wish you folks would take the time to read the Fair Credit Reporting Act and get your facts straight.\n\nYou have two dates to worry about.\n\nThe credit agencies report your debt for 7 years, beginning on the day of default.  NOT the date of charge off, date the collection agency reports it, or the date it's sent to a new collection agency!  If you owed a bill on Jan 1, 1999, and missed that payment, THAT is your default date, and it will not change!  There is even a position paper issued by the Federal Trade Commission that states this fact very clearly.  I do not understand why collection agencies tell you otherwise, other then the fact they are lying!  \n\nMany times, when a collection agency gets the account, they may not know the deliquency date, or they will bump the date up for whatever reason.  This is called "aging the debt" and it's illegal!  \n\nYour other concern is the Statute of Limitations.  This date varies from state to state from 4-10 years.  So you need to check what your state's SOL is...see the link below for that info.\n\nThat date begins on the last recorded transaction.  Again, using the above example, of you made a late payment on March 1, 1999, that is the beginning of your SOL.  There are a few other examples, but they get legally involved, so I won't go into it now.\n\nAfter the SOL has run out, you no longer have a legal obligation to pay the debt.  If they attempt to sue you, you simply file a motion to dismiss based on the expiration of the SOL, and it will be quickly dismissed by the judge.\n\nSo....do you pay?\n\nThat's where you gamble.  If the debt is large, it may be worth the effort of a collector to sue you.  If that collector is in the same area/state, that makes it even easier and more likely they will sue.  \n\nIf you want to try and hide out for another year, it's up to you.  but once they find you, and if they win a judgement, that will be on your credit report for 7 years, and they can continue to try and collect for a long time.
578699
In georgia you can appeal your child support payments every 2 years.  If you have greater than half custody, and can prove it, you most likely can get it stopped, maybe even start receiving some.
964661
A default is usually when the account is transferred to a debt collection agency.  It would normally occur if you have 3 months in arrears. or 3 late payments in a row. 1 payment late wouldn't matter.
678711
Lets clear up these bad answers.\n\nJeff L is almost correct, but he is wrong about the fact that paying a debt restarts the "clock".  There are actually two "clocks", one is the Statute of limitations, the other is the Credit Reporting Clock.  According to the Fair Credit Reporting Act, they can only report a debt for 7 days, beginning on the day of the delinquincy.  PERIOD!  Payments, closed accounts, charge-offs, none of these can reset the clock.  Agents will attempt to do it, but it's called "re-aging the debt" and it's illegal!  If you can catch them doing it you can sue them and easily get $1000 for your troubles.  \n\nThe answers are also wrong that negative information can not be removed from your report.  It is a fact that credit reporting agencies can not remove any listing.  Only a creditor can do it.  Nothing in the Fair Credit Reporting Act, or the Fair and Accurate Credit Reporting Acts prevents a creditor from removing anything that they have posted to your record.\n\nThe problem is convincing them to do it!  And once you have paid them off, you have lost all leverage with them.  You are going to find they are very uncooperative now.  The best you can hope for is they will post "paid in full" on the account, but it will still contain negative information such as collections and late payments.  \n\nThis nonsense that a paid debt looks better then an unpaid one is silly!  IT'S STILL A BAD MARK!!!  IT KILLS YOUR SCORE!\n\nSo what do you do now?  \n\nSend a letter to the credit reporting agencies and dispute the listing.  If the creditor fails to respond to the verification request, they will remove the listing completely.  If they respond, it will be with a notice that the debt is now paid.  \n\nYou can also call the creditor and politely ask if they would remove the listing, or take away the negative information.  It's a long shot but give it a try.
990388
7 years from the date of last activity on the account. My advice to you is to not make any payments on it, you will just keep on resetting the clock. Even if you pay them off, it will still be there for 7 years from the time you paid it off.
1055741
Our company collects on civil judgments nationwide.\n\nThe statute of limitations for Florida for domestic (in-state) judgments is 7 years.  In other words, you have the right for 7 years to collect on the judgment.  At the 7 year point, you can renew the judgment by filing some simple paperwork at the courthouse where you obtained a judgment.  Within those 7 years (and the years after, if you renew), your debtor is obligated to satisfy the judgment.  The debtor is also obligated to satisfy the interest and court costs.  If left unpaid for many years, your judgment will be worth much more than $2,000, and your debtor will still be obligated for the full amount.\n\nFlorida is a notoriously debtor-friendly state, and you will need to aggressively pursue your collection.  The first step for you in the collection process is to thoroughly investigate what your debtor owns that is seizable under Florida state law.  Some of this information is not easily obtainable, especially bank account information, and you will need to be willing to use a reputable asset search firm or investigator to find the information.\n\nYou can also hand your judgment over to a judgment recovery firm, although we routinely counsel against this for smaller judgments.  The standard profit sharing rate is 50/50, and the cost/benefit ratio is really not worth it for the creditor.  Frankly, with a little "elbow grease" and good information, most small claims creditors can pursue the judgment themselves.  \n\nAs a side note, it is questionable whether you will be able to garnish wages in Florida, especially if your debtor is the head of household.\n\nPlease contact me, and I can give you more information.  We also have a website with useful information to the judgment creditor, especially our FAQ - http://www.jcsusa.com/About%20Us%20and%20FAQ.htm.\n\nThanks and best wishes.
253808
MOstly, no.\nBut there are some exceptions.\nFOr instance,\nA judgement normally falls off in 10 years, but if it is renewed in court, it can go right back on.\nIf you have a charge off and it falls off in 7 years, it could come back on in a few cases such as acknowledging the debt, by trying to be nice and pay something.  Also, they can sell the dept to a collection agency, who can then add that negative trade as well.\n\nThat is why I usually counsel my clients to do a chapter a7-11, and just discharge the debt because the creditors could care less about you.  Trust me, they could care less.\n\nIT is a business and you have to treat your personal credit like a business too, and remember, you are just a number to them.  A NUMBER and nothing else.  They don't care if you live or die.  As long as they think they can eek a dollar out of you, they will.\n\nThis is a complex subject, and impossible to fully address without a complete rundown of your situation.  I suggest you seek the guidance of an attorney who specializes in credit matters, in your area of jurisdiction.
663108
Every state has a time limit to be responsible for bills. NC is 3 years, check on website of Attorney General.
239217
The SOL (Statue of Limitations) simply determines how long a creditor can:\n1. Report the debt to a Credit Reporting Agency.\n2. Limits what legal actions can be taken to collect the   debt.\n\nJust because the SOL has passed, it doesn't mean that a creditor cannot attempt to collect the debt. You are legally responsible for that debt until it's paid. \nThe thing about the SOL is that it can be renewed. If a payment is applied to an account that is past the SOL (even one penny) it automatically renews the SOL and can once again be reported. That is why it is important to note all your payments as to which accounts they are for. If the SOL is renewed, they may again take legal action on the account. The SOL doesn't limit what legal action has already been taken (for example; A lein placed on a house, it is there until the lein is paid or you file a petition to avoid a lein with the court).\n-If you have any further questions email me
896888
If the creditors are older than 7 years you can request the credit reporting bureaus remove them. Unless it is items associated with bankruptcy which can remain on your credit report up to 10 years.\n\ngo to www.annualcreditreport.com and get your credit report, then look over them and read it for information on how to take care of incorrect items, out of date items, etc.
363523
I'm not sure where you are, but here in Georgia it is up to you and the creditor to work it out. \n\nI work in collections and usually when I win the case the judge will allow us to work out the payment plan there and he will write it up and all parties including the judge will sign it. If the customer defaults on these arrangements, then I can get a garnishment or levy with not problem.
12303
If you're talking about a legal judgement on your credit report, it would be no more than 7 years.  It may be less, depending on your state of residence.
678153
It means that the creditor is barred from collecting the debt due to the Statute of limitations, Bankruptcy, or some other federal or state UCC law.