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Notice to Owner of Obligation Arising from Contract Individual Louisiana Form

Notice to Owner of Obligation Arising from Contract Individual Louisiana Form

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we're back now to answer your legal questions and joining me this week is lakosha Roberts with the Southwest Louisiana Law Center thanks for coming in Lakota thank you for having me Miss Agnes all right let's get to our first question in Louisiana do debt collectors have only a certain amount of time to sue for payments yes ma'am the short answer is they do but it depends on which type of debt we're talking about for instance for oral and written contracts there is a 10-year time limit within which any Claims can be brought for a breach of a contract if you're talking about an open account and that's generally a credit card or a medical accounts or loans for cars there is generally a three-year time period and that three years begins to count from the date of the last credit entry on the account a purchase a charge or a payment if you're talking about a money judgment there's generally a period of 10 years in the state of

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