Statute of Limitations on Credit Card Debt in Florida
I recieved a letter in the mail today for a debt that it stated my husband had. I called the collection agency because I know since I've been married to my husband he hasn't used the particular company. When I was talking to the collection person he advised me that the account was opened in 1996 and the last payment was made on 11/04/1997. and that the company was getting prepared to sue my husband. (It has not been on his credit report ever in the five years we've been married because three years ago we printed out his credit report and paid everything off). Well I asked how this was possible because it was more then seven years old and the collection person advised me that a promisary note with a witness can still be used to sue you for ten years in the state of Florida. I looked this up in the Florida Statutes and it says nothing about a witness making it last longer it stated that for open ended accounts the limitation was 4 years and for promissary notes 5 years. Am I wrong is it ten years? Is there somewhere else I could look for this infromation. I'm not mad about having to pay the money that is fine we can make small payments until it is paid off but I am mad at the thought that they called trying to scare me and especially with the thought that they lied. Please help.. :wallbang:
Re: Statute of Limitations on Credit Card Debt in Florida
Google the name of the collection agency - it is probably a "junk debt" buyer (a company that buys expired debt for pennies on the dollar, then tries to collect on it.)
Re: Statute of Limitations on Credit Card Debt in Florida
They are full of it, don't pay them a dime!