Fri
29
Jan
2010
Think twice before you pay off that old cell phone bill.
Federal Law sets the statute of limitations for cell phone bills (the last day you can be sued for the debt) at 2 years. That means, with certain exceptions, any threat of lawsuit by that annoying debt collector over an ancient cell phone bill may be nothing more than smoke and mirrors. There is a disagreement between some judges on how to apply this rule, so ask a lawyer (like me) for more details.
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