Is there a legal time frame to collect a charge off debt that has been recently acquired by a second party from the original creditor if the charge off is 10 years old?
There are not laws that pertain to how long a debt is collectible or how long collection action can be taken. There are statute of limitations regarding the length of time a lawsuit can be filed against the debtor for the recovery of monies owed. States establish laws regulating SOL's and their application to different types of debts.
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I'd like to know where every acquired company on this list was located (when they were acquired-- city, state, country): http://is.gd/i4DL?