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How long can creditors come after you for money?

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asked Oct 22, 2012 in Debt by anonymous
recategorized Oct 23, 2012 by Drake Peters
   

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By the Federal Fair Debt Collections Practices Act, lenders have seven years from the date of last payment to recover delinquent or defaulted receivables. In the event the lender obtains a judgment against the debtor, he then has ten years from the date of last payment, and numerous ways to recover the debt.
answered Dec 27, 2013 by bbrown Inquisitive Expert (97,580 points)

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