Debt Collection Problems

Debt Collection Laws

Washington Statute of Limitations on Debt Collection

For debt collection, the statute of limitation is the fixed amount of time that debt collectors can seek legal means for collecting an unpaid debt that is owed to them. Once the statute of limitations has expired, the debt is considered time-barred and debt collectors can no longer sue debtors over unpaid debt. Although debt collectors cannot sue debtors over time-barred debts, they can indefinitely attempt to collect the unpaid debt by other means.

Every state has its own statutes of limitations on debt collection. It’s imperative that residents of Washington with standing debts understand Washington statute of limitations and debt laws in order to be equipped to defend themselves against potential debt collectors.

Title 4, Chapter 16 of the Revised Code of Washington (RCW) outlines the various statutes of limitations for debt collection in the state. RCW 4.16.040 gives written contracts and accounts receivable a statute of limitations of 6 years before the unpaid debt becomes time-barred. RCW 4.16.080 stipulates that oral contracts have a statute of limitations of 3 years. Recovery of property and judgments can only be pursued in court within a 10-year time limit according to RCW 4.16.020.

The statutes of limitations for debt collection can be very confusing, but you don’t have to struggle to understand Washington’s complicated laws on your own. For help navigating Washington’s debt laws or for more information on Washington Statute of Limitations on debt collection, contact SmithMarco, P.C. online or call 888-822-1777 for a free consultation.

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