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Time-Barred Debts

Many consumers are unaware that they have the right to not be sued when it comes to old debt.  Debt collectors have a limited number of years to sue you and collect their money; this is known as the statute of limitation. The statute of limitation varies by state and circumstance but after that time has passed, your unpaid debt is classified as "time-barred" and is no longer collectible. Visit Maryland's Office of the Commissioner of Financial Regulation for information on Time-Barred Debt in Maryland:   DLLR_Collection FAQs.   

Debt collectors may still try to collect on a time-barred debt; however, the decision to pay is yours. You can choose to not pay anything, make a partial payment or pay off the debt completely.  Each option has its consequences and you may want to talk to a lawyer before you make a decision. To learn more about how to deal with Time-Barred Debts read the Federal Trade Commission's article,  Time-Barred Debts.

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