Debt Collection Problems

Debt Collection Laws

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 debt.

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 action.