How long can a creditor try to collect a debt?

11th Nov 2009 by Andrew R

There is no statute of limitations on debt. Unless some stipulation about the life of the loan has been made in the offer, a debt owed remains owed while the borrower is alive. Debt can also be transferred to the estate of a borrower who dies owing money.

This answer is the subjective opinion of the writer and not of FinancialAdvisory.com