What is the statute of limitation on debt collection in Florida?

five years
In Florida, the statute of limitations applicable to a debt collection lawsuit is generally five years. This means that once five years have passed, a creditor generally can no longer file a lawsuit against you to try and recover on that old debt.

How long does a Judgement stay on your record in Florida?

20 years
In Florida, a judgment lasts for 20 years—it can be renewed after the 20 year period, although this is rarely done. Judgments which are not recorded as liens, or are recorded as junior liens, are still valid judgments which can be executed against the debtor’s property.

What is the Statute of limitations on credit card debt in Florida?

While the general statute of limitations in Florida for collecting a debt is a whopping 20 years, the laws are more restrictive for credit cards. The Florida statute of limitations on credit card debt gives a credit card company only four or five years to sue.

Is there Statute of limitations on judgment collections in Florida?

The Florida statute of limitations for judgment collections is 20 years from the date of the judgment. A judgment lien, however, is only good for 10 years and can be extended for another 10 years.

What happens when the Statute of limitations on debt collection expires?

The debt collector can still try to collect but if you tell them to not contact you, they are required by law to stop. You can still be sued after the statute of limitations expires but it can be dismissed if you take action. The negative information from your debt can still appear on your credit report.

What are the credit card laws in Florida?

Credit card companies have more rights after they go to court and win a judgment against a debtor in Florida. At that point, Florida credit card law permits the company to take various actions toward collecting the debt.