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Tag Archives: Statute of Limitations

$2.5 Million Sanction for Unlawful Debt Collection

Last week the Federal Trade Comission announced that Asset Acceptance, a debt collection entity, had agreed to pay a civil penalty of $2.5 Million for its attempt to collect debts that are barred by the statute of limitations.  In Kentucky if you have a debt, that is not is writing the a lawsuit to ...

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JAIL WOULD BE TOO GOOD FOR THESE FOLKS!

If you have a debt in Kentucky that is more than 5 years old the debt is too old for you to be sued.  However, a new tactic of debt collectors is to offer you a Credit Card in exchange for putting the old balance on the card.  If a debt collector calls you and suggests that you take out a credit car...

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