Posts tagged "3 years"

If I respond to a debt collection agency does this start the Statue of Limitations all over again?

I live in Texas and I am being hounded by a debt collection agency. I do own this debt, but I have not responded to their endless phone calls and text messages. I was told the minute I have any contact with the debt collector this will "Restart the Statute Of Limitations" and this just gives them more time to harass me or file suit.
I ‘m not sure but I think the Statute of Limitations for Credit Debt in the state of Texas is 3 years.

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• If you contact a collection agency does it renew the statue of limitations

should my husband and i settle our debt or should we go through a debt consolidation?

We are about 00.00 in debt with alliance one and i think 0.00 in capitol one. We have a debt consolidation with Federated Financial. But I was thinking that maybe we should just settle with both of the debts ourselves because federated financial charges .00 a month and it will take us like 3 years to pay it off, if we go through them. What is the best choice?

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Is it better to pay off student loans quickly?

I'm graduating this June and I'm going to have about 30,000 canadian in student loans. I want to pay off my loans as quickly as I can even if it means sharing a room with someone. I'm planning to take at least 50% of my pay check to go into loans. So maybe around 900 a month, which allows me to pay off my loans in about 3 years. I'm normally a saver anyway and I can live cheaply. I would have just enough money left over for rent and living expenses. My rent would only be about 400 dollars. Plus, I have savings right now that would work as my emergency fund. Do you guys think that it's a good idea and is it worth it financially? My thought is that it would save me on interest even though it would be hard for a few years, but I will be much better off in the long run. Any suggestions?

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