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Loan Modification

: Loan Modification & Home Loan News

Time-barred debt is where the worst abuse has occurred towards the debtor

By Moe Bedard

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In most states, it is legal for collectors to pursue out-of-statute debt, as long as they do not file a lawsuit or threaten to do so. But some lawsuits are filed anyway, and consumer groups and even some industry consultants argue that collectors routinely harass debtors for unpaid balances that have exceeded the statute of [...]

Full post as published by Loan Modification & Home Loan News on August 02, 2010 (boomark / email).

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