Blog Posts in Statute of Limitations

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  • Resurgent Capital Services
    Resurgent Capital Services

    Resurgent Capital Services is the master servicer for LVNV, CACH, PYOD and other debt buying entities. It is under common ownership with LVNV, CACH and PYOD; all are part of the Sherman Financial ...

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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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  • Resurgence Capital
    Resurgence Capital

    Please contact us if Resurgence Capital is attempting to collect money from you in Illinois. We can help you both defend claims against you and assert your rights under the Fair Debt Collection ...

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  • Illinois Statutes of Limitations
    Illinois 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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  • New Methods of Tracking and Repossessing Cars
    New Methods of Tracking and Repossessing Cars

    If you have a car with a starter interrupt/ ignition shutoff and the seller/ finance company activated it at any time within the last two years, or if you were unable to use the car as a result, ...

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  • Statute of limitations in Illinois on an equity line of credit (HELOC)  is five years, not ten
    Statute of limitations in Illinois on an equity line of credit (HELOC) is five years, not ten

    We received a ruling from the Circuit Court of Cook County on December 12, 2018 that the Illinois statute of limitations on an equity line of credit is five years, not ten years. (An appeal from this ...

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