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help debt question by : what is ment by the term “the term time bared debt”?

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Answer by King
I believe the term to which you are referring is “time barred debt.”

Time-barred debt is a term that describes a particular type of old, unpaid debt. Every state has a statute of limitations that limits how long a creditor can get a court judgment forcing payment. For credit card debt, states’ statutes set limits of three to 10 years. Debt older than that is “time-barred debt.”

Essentially it means that if a certain amount of time has passed and the money has not been collected, the creditor cannot sue you to collect if too much time has elapsed: He is barred from collecting the debt because he missed the statute of limitations.

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