Get Rid of Old Debt: Know Your Rights!
By law, debt collectors cannot sue you to repay what is called "a time-barred debt". If you have old debt, there’s good news and there’s bad news. Bad news first: you still owe the money.
Now for the good news: you may be safe from a lawsuit to repay the debt. After a period of time, called the statute of limitations, your debt is considered time-barred, and under the Fair Debt Collection Practices Act (FDCPA), you cannot be subjected to any legal action to repay that debt.
Know your rights under the FDCPA by following these guidelines:
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