What is a time-barred debt? A time-barred debt is any overdue payment that has passed the statute of limitations in your state. Whether it’s credit card debt, medical debt or unpaid auto loans, if ...

There is a statute of limitations on debt, but it varies depending on your debt type and location. The four main categories of debt include open-ended accounts, oral agreements, promissory notes and ...

Statutes limit how long you can sue for debts; varies by state and crime severity. Missed deadlines mean you cannot pursue overdue payments legally anymore. Investors must understand these limits, ...