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Statute of Limitation
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Posted by Lostviking (208.200.27.210) on June 19, 2003 at 12:28:13:
I just received a letter from a collection agency for an unpaid/closed credit card from 11 years ago! The details are divorce related. Anyway, at the time I was going to file for bankruptcy, but didn't follow through... I was wondering what legal rights they have against me after so many years without any contact whatsoever, plus interest has been added to the original principal (over$4,000) & this company is now tacking on their own interest rate of 12% per annum. Haven't the statutes of limitations run out on this debt? Any help will be greatly appreciated! Thanks, Karen
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