Re: Help with Old debt.
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Posted by Drew
(24.59.27.46) on June 08, 2004 at 17:00:04:
In Reply to: Re: Help with Old debt. posted by JKelly on June 08, 2004 at 16:47:01:
Since it is a loan, it is a written contract and the SOL for written contracts apply. If it is a student loan that is federally backed, there are no statute of limitations and it will stay on your credit report till paid. If it is just a tuition bill, it might fall under written contract or the UCC for goods and services. YOu will have to contact a consumer attorney from Texas to find out how the state considers that type of bill.
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