Understanding a time-barred debt is relatively easy. Just as the name implies, the time for the debt has been barred. Most states have a time limit for collecting debts that ranges from 3 to 10 years.
Once this time runs out, if the bill collector sues you for the debt, you can have the suit dropped because it is a time-barred debt.
Having a time-barred debt does not mean the collectors won’t try to collect the debt, it just means they cannot sue to collect the debt. The person owing the money can still choose to pay the debt even though the time has expired.
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