Do you have medical debt, credit card debt or unpaid student loans that go back several years? How long can they try and collect these debts from you?
It depends on the situation and your payment activity. Here’s an overview of the timelines for debt collection and what to do if you’re contacted about an old debt.
Keep in mind that the action that you take with the creditor may or may not have a tax impact. We can help answer those questions before you decide on an action.