What is the statute of limitation for collection of student loans?
Full Question:
Is their a limitation on a 1989 collection on a student loan that has never shown up on my credit report? It must be a private one, and the department of education does not have it on file. Can it be in collection if the school is closed?
02/08/2007 |
Category: Debts and Credit |
State: Mississippi |
#544
Answer:
The statute of limitations in Mississippi on such a private loan is three years. Whether a school is closed or not is not relevant to collection of a student loan.