Monthly Archives: August 2011

August 2011

Statute of Limitations vs. Time-barred Debts

By Mike Sherman|2020-11-11T19:22:58+00:00August 24th, 2011|

Many of us are familiar with the term “Statute of Limitations”, but we may not be aware of another term called “time-barred” debt. This refers to a debt that has passed the statute of limitations period for the specific state in which the debt was incurred. Statutes of limitations vary from state to state. [...]

Proposed Bill to Remove Medical Debt from Credit

By Mike Sherman|2020-11-11T19:10:51+00:00August 24th, 2011|

CNN Money reported in 2010 that nearly 30 million adults were contacted by a collection agency regarding unpaid medical bills, and an astonishing 44 million Americans are continuously making payments towards medical debt. As the economy in America continues to worsen, I would say it is fair to assume we will see these numbers [...]