What is the statute of limitations for credit debt in Nebraska?
I received a phone call from First National Collection Bureau regarding a debt from Sept. 1998. I don’t recall having an account with the bank they mentioned. They sent me a letter stating that if I don’t respond to them in writing then they would assume the debt is valid. I have no records, even credit report, that shows this debt. Should I worry about this? A: As stated by others, the SOL for your state is 4 years for open contracts (credit cards). Send them the reply they want only use this form letter (you fill in the blanks). This should send them away. If not then you can seek civil suit against them for minimum of $1000. But make sure that this debt is for a credit card and not for a court ordered judgment. A judgment in Nebraska has a SOL of 5 years and is renewable. Your Name Your Address City, State, Zip Date: General Revenue Corporation Address City, State, Zip Re: Acct #XXXXX To Whom It May Concern This letter comes in response to your [letter dated xx-xx-20xx] (copy enclos
