consumer debt Tag

Time-barred debts

Pros and Cons of Paying Time-Barred Debts

The Consumer Law & Policy Blog opened up a discussion on when consumers should pay time-barred debts, or debts that are otherwise barred by the statute of limitations. In Massachusetts, the statute of limitations on contract debt, such as credit cards or medical bills, is usually...

Debt Collectors Excited Over Increased Consumer Spending

When consumers spend more money, they often incur more debt. And when consumers have more debt, some of them inevitably cannot pay it back. It’s this truism that has gotten one of the largest trade organizations for debt collectors, the ACA International, to highlight a...