The statute of limitations on debt in Alabama limits creditors and debt collectors from collecting a debt after a specific time period. Once the statute has expired the debt becomes legally uncollectible. Creditors and debt collectors may still pursue payment but you cannot legally be sued over it.
In recent years, aggressive debt collectors have begun trying to enforce debts that are barred by the statute of limitations. Any debt collector who threatens to sue for an unpaid debt that is beyond the statute of limitation is in violation of the Fair Debt Collection Practices Act.
Some debt collectors attempt to trick consumers into reaffirming debts so that the statute of limitations begins anew. Keep in mind that making a payment, acknowledging you owe the debt or making a written promise to pay the debt might renew the statute of limitations. Be careful when speaking with creditors and debt collectors about old debt because they are aware you have no legal obligation to pay debt that is beyond the statute of limitations. *Disclaimer: The information was accurate as of the date it was published here. But check your State’s Statutes directly to ensure up-to-date information.
Oral Contract: 6 years
Written Contract: 3 years
Promissory Note: 6 years
Open-Ended Accounts (including credit cards): 3 years