How long does a debt collector have to file a lawsuit?

In Nevada, a debt collector typically has four years to file a lawsuit against a consumer for an unpaid debt. This is based on the statute of limitations for debt collection. The amount of time begins when the debt first goes into default, which is when payments stop and the debt is overdue. The four-year period is known as the "collection window" and gives debt collectors ample time to recover the outstanding amount. If a debt collector files a lawsuit beyond this timeline, the consumer has the opportunity to argue a statute of limitations defense to get the lawsuit dismissed. It is important to note, however, that filing a lawsuit does not necessarily mean that a debt collector will be successful in recovering the debt. Additionally, if a consumer makes a payment, reinstates a loan, or acknowledges the debt within the four-year period, the statute of limitations can be reset, potentially giving the debt collector more time to take legal action. It is important for Nevada consumers to be aware of their rights under consumer debt defense law. If a debt collector attempts to recover an unpaid debt outside the four-year window, a consumer may have the right to file a claim and seek compensation for damages.

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How long does a debt collector have to file a lawsuit?

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