Summary
In Michigan, the statute of limitations for debt collection is 6 years. After this period, debts are considered time-barred, meaning you cannot be sued for them. However, the debt does not disappear, and collectors may still attempt to collect. Be cautious about making a payment or acknowledging the debt, as it could reset the clock. If a debt collector threatens legal action for a time-barred debt, consult a lawyer and respond within the given time if served. You can also file a complaint with the Federal Trade Commission or the Michigan Attorney Generals Office. To determine if a debt is time-barred, check the date of your last payment.Full Conversation
Can a 21 year old debt still be collected
Hello Richard, the ability to collect an old debt varies by jurisdiction. Could you please share the location where the debt was incurred? This will help me provide more accurate information.
Michigan
Hello Richard, in Michigan:
- The statute of limitations on debt is 6 years for contracts.
- After this period, debts are considered "time-barred," and you cannot be sued.
- However, the debt does not disappear and collectors may still attempt to collect. Be cautious about making a payment or acknowledging the debt, as it could reset the clock.
A debt collector called me and is threatening to serve me with papers
Hello Richard, in Michigan, the law generally doesn't allow lawsuits for time-barred debts. However, if served, do not ignore:
- Respond within the given time.
- Consult a lawyer.
- You may argue the debt is time-barred.
If harassed, consider filing a complaint with the Federal Trade Commission or the Michigan Attorney General's Office.
How will I know if the debt is time barred
Hello Richard, to determine if a debt is time-barred in Michigan:
- Check the date of your last payment. The countdown starts from your last activity on the account.
- If it's been over 6 years, the debt is likely time-barred.
- Consult a lawyer for advice.
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