What is the statute of limitations on debt collection?

In New Hampshire, the statute of limitations on debt collection is 6 years. This means that for any debt collectors or creditors trying to collect on a debt in New Hampshire, they have 6 years from the date the original contract was signed, or from the date of the last payment made on the debt, whichever is later, to bring suit or take legal action against a debt. After this 6 year period, the debt is considered to be “time-barred” and any debt collector or creditor that brings a lawsuit for the debt would be unable to win the case. It is important to note that while the statute of limitations in New Hampshire is 6 years for debt collection, this does not mean that the debt is automatically forgiven after 6 years. It simply means that after 6 years, the debt collector or creditor cannot take legal action against a consumer in order to collect the debt. It is still possible for debt collectors or creditors to try and collect the debt beyond the 6 year period, although they cannot take legal action for collection purposes. It is also important to note that if a consumer disputes the debt in any way, the statute of limitations period will reset and begin anew from the day that the dispute is filed. Therefore, if a consumer disputes a debt within the 6 year statute of limitations period, they may be able to extend the period for another 6 years.

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What is the statute of limitations on debt collection?

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