by Rachel Hunter | Jun 8, 2014 | Articles / Debt
Time-barred debts can be listed on your credit report, although there is a time limit for doing so. Debts that have not gone to judgment (judgments are separate; see the article on paying time-barred debts for a discussion of judgment debts) can stay on your credit...
by Rachel Hunter | Jun 8, 2014 | Articles / Debt
Although a debt is barred by the statute of limitation and even though a debt collector may be barred from misrepresenting the status or character of a debt, not all debt collectors are nice. If they told a debtor that a debt was barred, few debtors would ever pay...
by Rachel Hunter | Jun 8, 2014 | Articles / Debt
Even though a debt is barred by the statute of limitations, it does not mean that you don’t owe the debt. The statute of limitations is a legal defense – it only applies in court. That means that a debt collector is free to continue to try to collect on the debt....
by Rachel Hunter | Jun 8, 2014 | Articles / Debt
What is tolling, you ask? To understand what tolling is you first need to understand how statutes of limitation operate. Every debt and every other civil cause of action has time limits within which the action must be filed. This period is the statute of limitations...
by Rachel Hunter | Jun 8, 2014 | Articles / Debt
[NOTE: I AM NOT A TAX ATTORNEY AND THIS DOES NOT CONSTITUTE TAX ADVICE. YOU ARE ADVISED TO CONSULT WITH A TAX ATTORNEY OR CPA REGARDING YOUR PARTICULAR CIRCUMSTANCES.] Since tax season is or will soon be here, I have many clients who receive 1099c forms from...
by Rachel Hunter | Jun 8, 2014 | Articles / Debt
OK – so you have been sued by a creditor. Maybe even a judgment has been entered. Many people think that is the end of the matter. The lawsuit, while anxiety-inducing, was nothing. Entry of the judgment itself, with some exceptions, is no big deal. Rather, it is...
