If a creditor wants to sue, they must do so within the time periods allowed by law. This time period varies from state to state. However, even if this time period has run, a consumer may “reactivate” the debt by taking certain actions. (Such as promising to pay, corresponding about it, making a small payment, or sometimes even discussing it with a creditor.) Beware of speaking to … [Read more...] about What Everyone Should Know About Paying “Old Debts”
Divorce, Probate, Business Law- The Woodlands Kalish Law
