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    Consumer Confidential: Not all debt is collectable. Be mindful of the statute of limitations

    Some businesses and debt collectors may want you to think your financial obligations will trouble you forever unless you come across with some cash. What they don't usually tell you is there are laws that limit the length of time in which you can be effectively sued for any unpaid bills. In California, the statute of limitations for consumer debt is four years. This means a creditor can't ...
    by David Lazarus, Los Angeles Times Oct 26, 2021 4 minutes

    Some businesses and debt collectors may want you to think your financial obligations will trouble you forever unless you come across with some cash.

    What they don't usually tell you is there are laws that limit the length of time in which you can be effectively sued for any unpaid bills.

    In California, the statute of limitations for consumer debt is four years. This means a creditor can't prevail in court after four years have passed, making the debt essentially uncollectable.

    But there are tricks that can restart the debt clock.

    I bring this up in light of a bizarrely threatening letter from cable giant Spectrum to former customers in which the company offers to overlook

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