Debt Collection Time Limits

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Summary

Ohios statute of limitations for written contracts is 15 years, 6 years for oral contracts, and 4 years for store accounts. A tolling agreement can extend these limits.

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a debt from * from a check cashing store
Hi Tony, it is important to note that North Carolina has a statute of limitations on debt:
- For most consumer debts, it is three years from the date of last payment.
- For debt related to a promissory note, it is five years from the date of last payment.
If the debt from * has not been acknowledged or paid since then, it's likely uncollectible.
ohio
Hi Tony, in Ohio, the statute of limitations for a written contract or promissory note is 15 years, and 6 years for an oral contract. If it's a store account, the limit is typically 4 years. Without payment or acknowledgement, a debt from * may be uncollectible.
tolling agreement
A tolling agreement is a written agreement that allows the parties to extend the time limit for commencing a lawsuit. In Ohio, if you signed a tolling agreement related to this debt, it could potentially extend the statute of limitations.