Pennsylvania Statute of Limitations on Debt Collection

Do not be confused about what statute of limitations means. It is not a kind of time limit that the creditor has to collect debt. Actually, in most states, a debt collector can go on collecting for however long they desire. The statute of limitations is a law that restricts the time the creditor (or owner of the debt) has to file a lawsuit against the consumer. While a collector can try to collect the debt forever, they are indeed limited in how long they are able to use the court system to collect.

Contracts: 4 years,

Contracts under seal: 20 years.

Negotiable instruments: 6 years (13 PA C.S.A. .§3118).

Be sure to contact SmithMarco, P.C. here or at 888-822-1777 with any questions concerning PA statute of limitations.