Can they take legal action to collect? What is the statute of limitations?

Not being a member of the California bar, I can't opine on California law directly, but I can share some tips. It looks like if they can claim...

Is there a time limit on the collection of a financial note if no action to collect the money owed for several years?

If under the terms of the note it went into default for nonpayment at some point, that would start the clock for statute of limitations purposes....

Collections agency sent incorrect amount on late husbands credit card debt

The homebuying process is one of life's turnstiles where junk debt buyers attempt to exact payment for defaulted debt. One of the most...

How do you know if a collection agency is going to file suit againist you for a debt that is almost 4 years old.

While it's impossible to achieve certainty, one method of gathering intelligence is to check the plaintiff/defendant indexes for the cases down at...

Too poor for low income help before bankrupcy laws changed - now have judgement and collections

You can file bankruptcy now, or you can just rock along in what is known as "informal bankruptcy" ... owing money you're not paying. Even judgments...

Being sued by collection agency.

Your lawyer might also have mentioned that venue for the case was improper and that your case could have been moved to your home county, also there...

My bankruptcy has been final, I have a case #, and no one has come to repo or collect my harley. Why not?

There are often delays where the creditor does not immediately have the automatic stay lifted so that the repossession can happen. Sometimes...

I am being sued for credit card debt

There is a lot of information missing from your posting. Is the debt still owed by the original creditor, or are you up against a junk debt buyer?...

Collection Agency sent a letter saying I could pay less than amount due.

What a phone rep or even a supervisor says is meaningless legally (except if it's an FDCPA violation--then it means you can sue them). If you...

Even in the absence of payment, a lawsuit is not an inevitability. Lawsuits are filed when collectors believe they can collect something by...