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Avoiding Common Debt Collection Pitfalls

Burt and Associates

Make sure to respond promptly with the proper documentation to build trust and avoid any legal issues. Know the Statute of Limitations Every debt has an expiration date. Once a debt surpasses its statute of limitations, it’s no longer legally collectible. Ready to optimize your financial health and cash flow?

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Avoiding Common Debt Collection Pitfalls

Burt and Associates

Make sure to respond promptly with the proper documentation to build trust and avoid any legal issues. Know the Statute of Limitations Every debt has an expiration date. Once a debt surpasses its statute of limitations, it’s no longer legally collectible.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it. Alternatives To Court Dealing with a debt collection agency can be stressful and overwhelming.

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CFPB Annual Report on FDCPA Activities (2024)

Burt and Associates

After winning a court judgment absolving them of rental debt, one tenant found that the debt collector refused to remove the debt from their record, blocking them from securing new housing and impacting their credit.

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CFPB Annual Report on FDCPA Activities (2024)

Burt and Associates

After winning a court judgment absolving them of rental debt, one tenant found that the debt collector refused to remove the debt from their record, blocking them from securing new housing and impacting their credit.