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Roger
Roger, Attorney
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How long can a creditor try to collect a debt For example if 5 years ago I defaulte

Resolved Question:

How long can a creditor try to collect a debt? For example if 5 years ago I defaulted on an account and they've not yet filed any type of lawsuit or even starter any legal proceedings against me, does that mean it's too late now and they can't or are they waiting for me to get an income/property? Is there a statute of limitation?
Submitted: 6 years ago via Cornell Legal Info Institute.
Category: Legal
Expert:  Roger replied 6 years ago.

Hi - my name is XXXXX XXXXX I'm a litigation attorney here to assist you.

 

The statute of limitations to collect a debt in Pennsylvania is 4 years under 42 Pa. C.S. 5525(a): http://law.onecle.com/pennsylvania/judiciary-and-judicial-procedure/00.055.025.000.html

 

 

Roger and 3 other Legal Specialists are ready to help you
Customer: replied 6 years ago.
What is the statute of limitations begin? When the debt first is defaulted? What is the statute of limitations for Ohio? Thank you.
Expert:  Roger replied 6 years ago.

The statute of limitations begins when the last charge was made or when the account went into default - whichever is latest.

 

The statute of limitations in Ohio is 6 years: http://codes.ohio.gov/orc/2305.07