Statute of Limitation?

envee505 · #1 Dec 17, 2007, 01:09 PM

Just have a question about how I can get information on the statute of limitation in New Mexico for various debts.

N0help4u · Dec 17, 2007, 01:47 PM

Debt collection statute of limitations listed by state

New Mexico Statutes of Limitation

Contract in writing: 6 years (except any contract for the sale of personal property is 4 years or the last payment, whichever is later).

All other creditor-debtor transactions are 4 years after accrual of the right to sue.

NOTE 1: An action accrues on the first date on which the creditor can sue for a breach or for relief, generally from the last purchase or the last payment.

NOTE 2: If the limitations period has expired, an acknowledgment or payment starts the period running again.

Judgments: 14 years.

Also when you get caller ID numbers from collection agencies you can type the number in phone number space on this page to see what others have to say about them

Phone Number Comments

envee505 · Dec 17, 2007, 02:14 PM

Quote:

Originally Posted by N0help4u

Debt collection statute of limitations listed by state

New Mexico Statutes of Limitation

Contract in writing: 6 years (except any contract for the sale of personal property is 4 years or the last payment, whichever is later).

All other creditor-debtor transactions are 4 years after accrual of the right to sue.

NOTE 1: An action accrues on the first date on which the creditor can sue for a breach or for relief, generally from the last purchase or the last payment.

NOTE 2: If the limitations period has expired, an acknowledgment or payment starts the period running again.

Judgments: 14 years.

Also when you get caller ID numbers from collection agencies you can type the number in phone number space on this page to see what others have to say about them

Phone Number Comments

THANKS!! So a question for you does this appy to me because I am in New Mexico or does it go by different statutes based on where the creditor is located??

N0help4u · Dec 17, 2007, 02:41 PM

I gave you the New Mexico one and the link
It goes by your state not the creditor.



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