How old does a debt have to be, before you are no longer legally bound to pay it?
Posted November 15, 2009 – 12:52 am in: Personal FinanceI remember hearing once that a debt after a certain amount of years, is moot. Does it depend on the state where the debt occurred or you current state of residence? I heard that collection agencies that specialize in buying old debts, to try and collect on, HATE for people to know about these laws. [...]
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