Blog Posts in Statute of Limitations

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  • Cascade Capital
    Cascade Capital

    Please contact us if bad debt buyer Cascade Capital is attempting to collect money from you in Illinois, especially on an alleged automobile deficiency, or has attempted to do so within the last year. ...

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  • Heritage Acceptance, Pelican Auto Finance, JRSI
    Heritage Acceptance, Pelican Auto Finance, JRSI

    Please contact us if attempts are being made to collect from you an old Heritage Acceptance or Pelican Auto Finance debt. Most appear to have been sold to debt buyers such as JRSI. We can help you ...

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  • Illinois Statutes of Limitation – Recent Developments
    Illinois Statutes of Limitation – Recent Developments

    Illinois Statutes of Limitation – Recent Developments I. Various types of open end credit A. General purpose credit cards: The statute of limitations on general purpose credit cards is five years ...

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  • Old mortgages and notes
    Old mortgages and notes

    There has recently been an upsurge of attempts to (1) foreclose on mortgages and home equity lines of credit on which no payment has been made for 5 years or more, and (2) file suits to collect second ...

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  • Statutes of Limitations
    Statutes of Limitations

    Q. I forgot about a debt from 10 years ago. Now they are threatening to sue me. Can they get a judgment after 10 years? A. The principal statutes of limitation in Illinois are 4 years for the sale or ...

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  • Statute of Limitations on Bad Check in Illinois
    Statute of Limitations on Bad Check in Illinois

    Question: Is there a Statute of Limitations on bad check? Answer: 2 years for statutory penalty (measured from dishonor); 3 years for liability on the check (same); the underlying obligation may be 4, ...

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