Debt can be a source of stress and anxiety for many people. But did you know that there is a limit to how long a creditor has to collect on a debt? This limit is known as the statute of limitations. Understanding the statute of limitations on debts is important for protecting yourself from aggressive debt collectors and avoiding unnecessary payments. In this article, we'll explore what a statute of limitations is, how it can be complicated, and what to do if you have payday loans. The statute of limitations on debts is an important legal principle that can affect your finances and your legal rights.
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