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Are you being contacted about an old debt? The statute of limitations on that debt may have passed, preventing you from being sued over the debt. Each state has a different statute of limitations on debt like credit cards and loans, so make sure you know the statute in your state before agreeing to pay an old debt.

More on Debt Statute of Limitations

• Debt Statute of Limitations Overview
• Sample Statute of Limitations Letter For Debt Collectors
• Why an Expired Debt May Be Listed on Your Credit Report

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Tags: Limitations State, State