Kennel Zeigler LLC
Get Started Today:
mobile icon 937-356-3735

Debtors have rights when dealing with debt collectors

Ohio consumers who owe past due debt balances may be contacted by a debt collector. However, this doesn't mean that an individual will be required to make a payment. Furthermore, it is also possible that a person is contacted about a debt that he or she doesn't actually owe. If a debt collector does call, an individual has the opportunity to verify that the balance owed is correct and that it can still be collected.

Typically, state law imposes a statute of limitations on debt collectors, and that statute of limitations is generally four or six years. However, the clock begins the moment that a person makes a payment on that debt balance. Therefore, if a person makes a partial payment on an old debt, it may give debt collectors or other parties more time to take that person to court.

When a debt collector calls, an individual can decide to pay the balance in full, make a partial payment or tell that person to go away. In most cases, a past due debt balance will remain on a credit report for seven years from the date that a payment was missed. If an account goes to collections, information about that account may remain on a credit report for seven years plus 180 days after the first missed payment.

In a Chapter 13 proceeding, an individual may be entitled to reorganize existing debt balances and repay them over a period of several years. During a repayment period, an individual may be able to sell an item in an effort to pay off a balance. Individuals may also be able to renegotiate the terms of a mortgage, auto loan or other secured loan during a bankruptcy proceeding. Legal counsel may assist those who are seeking protection from creditors.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Let Us Help

You Don't Have To Face Your Financial Challenges Alone

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location

1340 Woodman Dr.
Dayton, OH 45432

Phone: 937-356-3735
Fax: 937-252-9425
Dayton Law Office Map

Office Numbers: