Someone is my house hold owes time warmer over 1,000 dollars from about 10 years ago and they told me they start of with a clean slate after 5 years. Is that true?

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3 Answers

Walt O'Reagun Profile
Walt O'Reagun answered

Nope ... Unless they pay it off, or get it forgiven by the creditor or a court - they still owe the money.

Jann Nikka Profile
Jann Nikka answered

All debts are erased after 7 years, except Child Support (Lifetime), Taxes (Lifetime), Bankruptcies (10 years) and Student Loans (Lifetime).

Technically you still owe the money, but creditors are not allowed by federal  law to collect.

I  would challenge them.

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