Idaho Statute of Limitations on Debt Collection
All debt has a termination period which keeps collection
agencies from continuing to collect by filing suit outside of a
time period called the statute of limitations. Prior to
entering into an agreement to pay off a debt, a consumer should
ensure the debt is actually still due and payable.
In Idaho open accounts, like a credit card account, have a
statute of limitations of 4 years.
NOTE: The time period begins as of the date of the last item,
typically a payment or a charge under a credit card agreement. A
written acknowledgement or new promise signed by the debtor is
sufficient evidence to cause the relevant statute of limitations to
begin running anew. Any payment of principal or interest is
equivalent to a new promise in writing to pay the residue of the
Oral Contracts or verbal agreements, not put into writing have a
4 year period of limitation; Written Contract, 5 years; Domestic
Judgment (local) 5 years (renewable for an additional 5 years) and
Foreign Judgment (out-of-state) 6 years (renewable).
NOTE: An independent action on a judgment of any court of
theUnited Statesmust be brought within 6 years. The time
limitation for the commencement of any action is tolled during the
time of a person's absence from the state or during the time that
an action is stayed by injunction or by statutory prohibition