Quote:
Originally Posted by chonam Does anyone know the answer to my question? if so please tell me if after
5 1/2 years they can still try to collect this money? thanks |
DC gave you your answer. It's called SOL. It means Statute of Limitations. It is a part of law that specifies a time limit in which a legal action may take place. Each of the various kinds of actions have different kinds of time limits. There are many reasons for there being differences in each of these kinds of actions. You will need to google for (that means using the Google internet search engine) the specific information for your state, as DC suggested.
Is a bill all you have received? Or was it a collections notice? Either way, the billing and collections business has a very good understanding of law and will know exactly when the Statute of Limitations runs out. If they feel your debt is collectable and worth risking the legal costs (which you likely pay if they win, and they pay if they lose), they could sue you. And they will make that decision before the SOL runs out. And for $4500 there's a good chance of that.