Creditors do not have an unlimited amount of time to pursue collection of debts owed them.
Ohio’s statute of limitations is six (6) years regardless of the type of debt. The time limit is counted from the date the debt becomes overdue or from the date the borrower last made a payment, whichever date occurred more recently. If it has been more than six (6) years, a creditor cannot sue the borrower for debt collection purposes.
Have further questions for this issue? Please call our office. We are here to help you.
This insight into the law is provided by the attorneys at Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.
