Debt Collection Myths – Payments Restart The Credit Reporting Clock

Let’s say the statute of limitations on the debt in question is 7 years.  You created the debt by borrowing, 2 years ago.

Some people fear that making a payment arrangement now, resets the clock, and the statute of limitations starts over again.

This is not necessarily true.  The statute of limitations is based on the date of the delinquency of the account.   You do not “shoot yourself in the proverbial foot” by making payments on debt you owe.  You shorten the amount of time that negative information exists on your credit report.


Marcadis Singer, PA
5104 South Westshore Blvd.,
Tampa, Florida.
Phone: (813) 288-1881

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