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General Discussion

DRoseDARs

(6,810 posts)

18. Barking up the wrong tree. When has the law ever NOT contradicted itself?

Reply to YellowRubberDuckie (Reply #16)

Tue May 8, 2012, 08:00 PM

May 2012

How long can a creditor attempt to collect a debt?

<snip>

The rules that govern when a creditor can take you to court over a debt vary from state to state. If you think you might be taken to court over a past due debt that it is recommended that you study your state’s laws governing this issue. It is quite unlikely that a creditor will sue you over a small amount of debt. So the general rule of seven years is the one that most people will follow.

If you have ever been hounded by collection agencies then you might have wondered to yourself just how long they have to collect on an outstanding debt. According to the Fair Credit Reporting Act these collection agencies have seven years to collect on outstanding debts.

In some instances, which vary from state to state, these collection agencies can take you to court and sue you for overdue debts after the seven year limit is up. However, because it is highly unlikely due to costs and general legal hassles many creditors will not take you to court so the general rule of thumb associated with how long a creditor can attempt to collect on a debt is seven years.

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A Bible verse we will never hear quoted by any politician [View all] Enrique May 2012 OP

Du rec. Nt xchrom May 2012 #1

It's not the one where a man can pay 50 shekles to the father of the girl he rapes? JoePhilly May 2012 #2

has anyone done the math on that? Enrique May 2012 #3

Well, if Wikipedia is right... meeksgeek May 2012 #5

Well, the shekel is still viable currency so ProdigalJunkMail May 2012 #6

Well, you have to adjust for inflation if you're using current shekels. Bruce Wayne May 2012 #10

I was looking for one of those online inflation calulators, but none go back to 6000 BCE. <G> n/t jtuck004 May 2012 #11

Of course not. Haven't you heard? The earth is only 6000 years old. Angleae May 2012 #22

I keep forgetting <G> n/t jtuck004 May 2012 #26

Which raises some important questions shawn703 May 2012 #17

More questions bongbong May 2012 #19

These last 10 or so comments 12AngryBorneoWildmen May 2012 #35

I know what you mean. I can never top them, either! dmr May 2012 #37

WOW ... churches could make a bundle off converting the shekels to dollars. JoePhilly May 2012 #7

=8•O Bruce Wayne May 2012 #14

Is it just me, or is anyone else smelling the odor of goats...? n/t jtuck004 May 2012 #28

It's so sad that today in way too many places today raped girls marry their rapist. libinnyandia May 2012 #4

I always like Leviticus 11 9-12 and you KNOW those hypocrites love Red Lobster... LynneSin May 2012 #39

There is a loophole... coldbeer May 2012 #42

I think the larger loop hole is that the man has to be "discovered" JoePhilly May 2012 #44

No harm, no foul for the man, you mean. The woman is still ruined, right? tclambert May 2012 #56

Yea, I think that's how it worked. JoePhilly May 2012 #57

That law, existed in SEVERAL CULTURES, including pre-christian ones happyslug May 2012 #52

And you may also add: DeSwiss May 2012 #8

Yep, that last one. Thumbsup x 2. CrispyQ May 2012 #30

Regarding your illustration and sig line: Doc_Technical May 2012 #43

Despite the Clear Provisions, On the Road May 2012 #9

Not just politicians ignore this quote. Just about everyone does. SleeplessinSoCal May 2012 #12

The Bible is ala carte MattBaggins May 2012 #15

Creditors cannot persue old debts after 7 years; can still sue though. nt DRoseDARs May 2012 #13

You realize you're contradicting yourself, right? YellowRubberDuckie May 2012 #16

Barking up the wrong tree. When has the law ever NOT contradicted itself? DRoseDARs May 2012 #18

There is the statute of limitations treestar May 2012 #27

I've been told that our bankruptcy laws stem in part from that verse... Skip Intro May 2012 #20

Yes, thus the old Seven year rule against filing another Bankrupty happyslug May 2012 #55

Isn't there one about a rich man having as much chance........ socialist_n_TN May 2012 #21

Also Romans 2 Zalatix May 2012 #23

Yeah, I hate people who judge other people! tclambert May 2012 #45

You would never hear the Sermon on the Mount either Horse with no Name May 2012 #24

Also Mark 12:28-34 Thav May 2012 #31

Blessed are the . . . tclambert May 2012 #47

Render unto Ceasar what is Ceasars... WCGreen May 2012 #25

I honestly had no idea what to expect when I clicked your thread, but Bravo!! CrispyQ May 2012 #29

Here's another one that they don't talk about much zzaapp May 2012 #32

don't forget jesus saying-'render unto caesar what is his.' pansypoo53219 May 2012 #33

Here's an ignored quote from Jesus Christ himself on homosexuality Califa May 2012 #34

That verse has nothing to do with homosexuality. Ruby the Liberal May 2012 #36

1 Samuel 18:1,3 William769 May 2012 #38

Ezekiel 16:17 alfredo May 2012 #40

Yeah but what does that have to do with toddwv May 2012 #41

Christianity. The Bible. Over and over. andytenido May 2012 #46

Welcome to DU! ScreamingMeemie May 2012 #48

Please Romans 2, it refutes what you say. Zalatix May 2012 #58

Actually... shagsak May 2012 #49

Me no understand. Must creditors must write off all 7-year-old debts? Or must borrowers pay off all tclambert May 2012 #50

FORGIVE the debts. Horse with no Name May 2012 #51

In Colonial Days, it meant all debts had to be paid in 7 years, or be discharged happyslug May 2012 #54

Thus in Colonial days, indenture servants only had to work for seven years, do to this rule. happyslug May 2012 #53

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