You may have a legal obligation to repay old debts, but there are also strict limits on debt collectors' tactics.

The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...

Learn what is the statute of limitations on debt, how it varies by state and when debt may no longer be collectible. See how ...

As those living in the southwestern United States enter the dog days of summer, debt collectors are especially feeling the heat. As if complying with the myriad of state and federal regulations ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Debt collection is when a company attempts to collect payment on past-due and unpaid debt, such as a loan or medical bill. It ...

The amount you owe may also be subject to your state's statute of limitations, which typically ranges from three to 10 years, ...

Some of these loans — known as zombie mortgages — were reportedly sold to debt buyers for pennies on the dollar, despite many ...

Continuing its attack on the $220 billion worth of medical debt owed by Americans and the impact it can have on their lives, the Consumer Financial Protection Bureau recently issued guidance to ...

What is a time-barred debt? A time-barred debt is any overdue payment that has passed the statute of limitations in your state. Whether it’s credit card debt, medical debt or unpaid auto loans, if ...