Statute Of Limitations Texas Debt

If a creditor fails to file a debt collection suit before the statute of limitations expires then a debtor has a valid defense to the lawsuit.

Statute of limitations texas debt. When Does the Clock for Statute of Limitations Start. That law was established in 1985 by the Texas Legislature. Their records may be different from yours or they may hope youre unable to prove that the debt is no longer legally enforceable.

The statute of limitations clock begins on the last day of activity on your account. The court system doesnt keep track of the statute on your debt. The State you live in or the State where you incurred the debt.

Some debt collectors may sue you even after the statute of limitations has passed. A payment when your debt is on collections or even a partial payment might restart the time period. Texas Civil Practice and Remedies Code 16004a.

However it is crucial to understand what this means. Talk to an experienced debt collection attorney at SmithMarco PC. The limited time period means that debt collectors cannot sue individuals in an attempt to collect debts that are more than four years past due.

In the State of Texas the statute of limitations for debt collection is four years. When this four year clock starts to run has been debated in recent years. Creditors and debt purchasers try to argue that the clock starts when you made your final payment to the creditor while consumer attorneys argue the clock starts at the first sign of default.

As of 2010 the statute of limitations on credit card debt in Texas is four years. The statute of limitations for various debt is determined separately by each state. Texas Civil Practice and Remedies Code 16051.