EPISODE · Jul 25, 2025 · 3 MIN
Debt Collectors: Will You Be Sued Over Old Debt? - The Credit Pros
from The Credit Pros Podcast · host The Credit Pros
Debt collectors have a limited time to sue for unpaid debts, governed by state laws, after which debts become 'time-barred.' Credit reporting agencies must remove most derogatory accounts after 7 years, as mandated by the FCRA. To avoid lawsuits over old debts, it's best to pay them off, but professional advice can help if you're treated unfairly or charged excessive fees. Collection agencies can damage your credit score but cannot add unauthorized fees to the debt.
NOW PLAYING
Debt Collectors: Will You Be Sued Over Old Debt? - The Credit Pros
No transcript for this episode yet
Similar Episodes
Mar 26, 2026 ·1m
Mar 19, 2026 ·34m
Feb 18, 2026 ·11m
Feb 11, 2026 ·45m