Legal question... General: Info & Help

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  #1  
Old 10-19-2011
elisemc elisemc is offline
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Default Topic: Legal question...

Legal question...

Okay, I'm going to hand everyone a laugh here, but is there still such a thing as the seven-year limit on an outstanding bill? For example if you owed a company like, say, Eaton's, and you hadn't made any payments for the last seven or eight years (and they hadn't bothered you for payments in that time), can they all of a sudden come after you for payment til either you pay in full or you die of old age?
My dad told me that at one time they couldn't come after you for money after seven years because they had to release you from the debt.
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  #2  
Old 10-20-2011
donteatrawpotatoes donteatrawpotatoes is offline
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Default Topic: Legal question...

They are entitled to the money until the end of the world. (from a legal sense) However, it does drop off your credit rating after 7 years.
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Old 10-20-2011
Fast Eddie Fast Eddie is offline
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Default Topic: Legal question...

my sister moved to alberta 17 years ago and owed some money to the power company, she moved back and they made her pay it off before she got power hooked up. *true story*
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  #4  
Old 10-22-2011
TrueLine TrueLine is offline
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Default Topic: Legal question...

If they "suddenly" start asking for the payment again, chances are the account has been sold to a collection company. That's when rules and common sense disappear.

Last edited by TrueLine; 10-22-2011 at 03:33 PM.. Reason: typo
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