Walk It Through: The Old Card
No threat of an unhired lawyer, no neighbor asked to pass a message, and six years on a contract.
A collector calls a school bus driver about an old credit card balance and threatens a suit by a named law firm that has not been hired.
Two things a person in this spot might do. Picking one shows what the law says about it.
One card and one collector. Shame cards, the commissioner's examination, and product liability periods are not worked through here.
A practice walkthrough, not a prediction of how any real one will go. Legal information, not legal advice.
Words this turns on
Terms with a legal meaning that is narrower than the everyday one. Each links to the definition and the authority behind it.
- Statute of limitationsThe time to bring a claim: six years on a contract with no other limit, two years for libel, slander, assault or another tort resulting in personal injury.
- Collection agencyA business that collects debts for others. It, a debt buyer and their collectors are licensed or registered with the commissioner of commerce, and doing the business without one is a misdemeanor.
- GarnishmentTaking part of a debtor's disposable earnings, at most 25 percent where weekly income is more than 80 times the minimum wage, and less on lower incomes.