Tag Archives: statute of limitations

Attorney Takes Exception With Student Loan Lender Article

On August 4, 2021, SoFi published an article called “Is There a Statute of Limitations on Debt?” (https://www.sofi.com/learn/content/statute-of-limitations-on-debt/). Most would agree that the simple answer is yes because they assume the author is actually referring to lawsuits on debt, not the debt itself. For example, as correctly pointed out in the article, the expiration of the statute of limitation (SOL) …

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Is There a Statute of Limitations on Debt?

A statute of limitations on debt is a time limit on how long a debt collector is allowed to sue someone in court and force them to pay off any outstanding money owed to them. When a borrower meets the statute of limitations on debt, lenders or creditors may no longer be able to force them to pay the debt …

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