3 Things to Know About Debt and The Statute of Limitations

The statute of limitations is a law that protects consumers when they are contacted by a collection agency about an old debt.

The statute varies from state to state. But once a debt passes beyond the number of years in your state’s statute of limitations, a debt collector no longer has the right to sue you for payment.

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Don’t Fall for This Chip Credit Card Scam

The credit card industry is undergoing a massive change as it switches to chip-based cards, and scammers are taking advantage.

Banks have been sending out new credit and debit cards that have an embedded microchip to meet an October 1 liability change deadline. But not everyone has received a new card yet: A September survey showed almost 60% of card users haven’t received a chip-enabled card.

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