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In Illinois, the Statute of Limitations on debt ranges from 5 years to 10 years. Some debt collection agencies buy old debts, out the Statute of Limitation period for pennies on the dollar from the original creditor in order to collect what they can.

There is no statute of limitations on how long a creditor can attempt to collect an unpaid debt, but there is a deadline for when they can still use litigation to receive a court judgment against the debtor.

On debts based on written contracts, the statute of limitation is 10 years. On unwritten contracts, it's 5 years.

The Fair Debt Collection Practices Act (FDCPA) is a federal law that provides a mechanism for you to stop debt collectors from contacting you. You can do this by sending a Cease and Desist Letter. Federal law allows you to communicate with debt collectors to tell them that you want them to stop contacting you.

In most cases, the statute of limitations for a debt will have passed after 10 years. This means a debt collector may still attempt to pursue it (and you technically do still owe it), but they can't typically take legal action against you.

This letter should be addressed and directed at one creditor only. You'll have to write one for each of the creditors that you want to stop calling you. Sending a cease and desist letter isn't a solution to your problem; it's merely a solution to receiving annoying phone calls.

Dear debt collector, I am responding to your contact about collecting a debt. You contacted me by phone/mail, on date and identified the debt as any information they gave you about the debt. I do not have any responsibility for the debt you're trying to collect.

Among the insider tips, Ulzheimer shared with the audience was this: if you are being pursued by debt collectors, you can stop them from calling you ever again by telling them '11-word phrase'. This simple idea was later advertised as an '11-word phrase to stop debt collectors'.

They can sue you, or threaten to sue you, in court. They can send you letters or call you. Within 5 days of the first time they contact you, debt collectors have to send you a written notice about the debt (see below). If you receive a Complaint and Summons , this means a lawsuit has been filed.

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The federal Fair Debt Collection Practices Act (FDCPA) was enacted to curb these annoying and abusive behaviors, but some debt collectors flout the law. Here ... Note that clicking on the link above will download a Microsoft Word document file. How to Write a Cease and Desist Letter for Debt Collectors.A cease and desist letter should contain: · Current date · Name and address of debt collector · Account or reference number · Instructions to stop collections calls ... It is within your rights to request a collector to cease communication with you. It must be done in writing and sent by mail. Again, it's best ... Protecting You from Debt Collector Abuse in Illinoisasking them to stop contacting you might result in them filing a lawsuit to collect the debt. File bankruptcy and get a debt discharge or repayment plan; Deal with the debt collectors as they come. Remember: The longer you wait, the worse ... The Illinois Collection Agency Act requires debt collectors to be licensed. It regulates debt collection practices in this state, and it limits ... Must cease contact entirely if you request it. Strategy: For now, it's not enough to state over the phone how you want the debt collector ... Filing bankruptcy can eliminate the liability of your judgement. Don't think that it's too late to file bankruptcy; you can do this at any stage. Stop, or ... But before you hire an attorney to file suit against a debt collector, you must first request that they stop the communication. This is done by way of a cease ...

Illinois Cease and Desist for Debt Collectors

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