How Long Can Creditors Pursue Debt in New York?

By Robert Jacovetti

New York state laws protect borrowers from creditor harassment and intimidation. In many cases, collection agencies make mistakes and request collection for debt that is already paid for. Debts also have a statute of limitation, meaning that debt collectors can only sue a debtor to collect on the amount owed for a fixed period of time. Our New York debt relief attorneys explain more about the statute of limitations for debts in New York.

What Is the Statute of Limitations on Debt in New York?

Thanks to a law that went into effect in April of 2022, in New York a creditor has three years to sue a debtor to collect on the amount owed. The previous limit was six years.

However, some collectors try to sue after this time but are often unsuccessful. If a creditor contacts you about six years or older debt, you may let them know that you will only pay them if a court finds that you in fact owe that amount.

What to Do When a Debt Collector Has Violated NY Regulations

New York extends a variety of laws that protect debtors from creditor harassment. If a creditor is persistently trying to collect old debt, and is harassing you, you can report them to the Office of the New York State Attorney General, or the Federal Trade Commission. You should also seek legal guidance from an experienced debt relief attorney. An attorney can help you prove that the debt collection agent is wrong, and if the debt is yours, a lawyer can negotiate on your behalf. They can help your collection agent accept less than the full amount for your debt.

Contact Our Experienced New York Debt Relief Attorney

If you’re experiencing issues with a debt collector, our team at Jacovetti Law, P.C. is here to help you. Our team can help you fight unfair collection practices and help you achieve a desirable solution to your debt problem. Our New York debt relief lawyers have the knowledge, skills, and experience needed to help you.

Contact our New York debt relief lawyers today at (516) 217-4488 to schedule a consultation!