What if the debt is very old?

Q: What if the debt is very old?

There is a statute of limitations on how long a debt can be legally enforced through a lawsuit. In Texas for contract debts, it is typically four years. If the statute of limitations has expired, the debt buyer generally cannot sue you to collect it. However, they can still try to contact you to collect voluntarily. You should be aware of the statute of limitations and assert it as a defense if you are sued on an old debt.

There is a statute of limitations on how long a debt can be legally enforced through a lawsuit. In Texas for contract debts, it is typically four years. If the statute of limitations has expired, the debt buyer generally cannot sue you to collect it. However, they can still try to contact you to collect voluntarily. You should be aware of the statute of limitations and assert it as a defense if you are sued on an old debt.