Debt Lawsuit Timeframe Kentucky

Summary

The statute of limitations for suing for unpaid debts in kentucky is 5 years from the due date. Charged-off accounts cannot be relisted on credit reports after seven years from the first delinquency, according to the fair credit reporting act.

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What is the statue of limitations on suing for an unpaid debt?
Hey ****! In Kentucky, the statute of limitations for suing for an unpaid debt is 5 years from the date the debt became due. This applies to written contracts, oral agreements, and open accounts. Make sure to file your lawsuit within this period.
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What about for a charged off account?
Hey ****! For a charged-off account, the statute of limitations for suing remains the same in Kentucky, which is 5 years from the date the debt became due. Charging off an account doesn't reset the clock on the statute of limitations.
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Can a charged off account be relisted on your credit bureaus after seven years?
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Hey ****! Generally, a charged-off account cannot be relisted on your credit report after seven years from the date of the first delinquency that led to the charge-off. This is in accordance with the Fair Credit Reporting Act (FCRA). Is there anything else you need help with?
No
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