Liz Pulliam Weston: Credit reports and legal limits of debt - MSN ...
Liz Pulliam Weston: Is there a statute of limitations on debt . Lenders can try to collect it forever -- and probably will -- but they can't sue once the statute of . The debt can also be sold to another collector that can renew efforts to get you to pay.
http://articles.moneycentral.msn.com/Banking/YourCreditRating/IsThereAStatuteOfLimitationsOnDebt.aspx
Debt Collection FAQs: A Guide for Consumers
Debt collectors may not lie when they are trying to collect a debt. . if you don't pay your debt;; they'll seize, garnish, attach, or sell your property or wages . collector to get a garnishment order against you, directing a third party, like your bank, .
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre18.shtm
