How long does a collection company have until then can sue you?
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How long does a collection company have until then can sue you?
Asked on February 3, 2012 under Real Estate Law, Colorado
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
A collection company like any entity or individual under the laws of all states in this contry has the requisite statute of limitations time period to bring a legal action against a particular person depending upon the cause of action plead.
Typically a credit card debt is sued upon as a breach of contract or common count cause of action where the statute of limitations for such causes in most states in this country is four (4) years running from the breach of the agreement.
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