Customer Rights Law Practice Serving Clients in Chicago, Illinois, and Nationwide
The statute of restrictions on business collection agencies in Illinois differs according to the sort of agreement joined into from the financial obligation. For written agreements, such as for instance car and truck loans, the statute of restrictions is decade. For dental agreements or open reports, which frequently includes credit debt, the statute of limits is 5 years.
It’s important to consider that moving the statute of limits will not no mean you longer have an obligation to settle your debt. Nonetheless, it can signify you can’t be sued when it comes to financial obligation by a financial obligation collector.
If your debt collector tries to sue you for the financial obligation after your statute of restrictions has passed away, the thing that is best to do is contact one of several customer liberties solicitors at Markoff Leinberger. They may be successful in their lawsuit against you if you do not contact a lawyer and just ignore the debt collector. Nevertheless, with an attorney, you may be capable of getting the suit dismissed.
Contact Markoff Leinberger today at 888-517-9115 to schedule your free and consultation that is confidential.Continue reading