The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...

The likelihood that a debt collector will sue you over an unpaid balance depends on the debt, the amount and how collectible ...

You pick up the phone and hear a stern voice claiming you owe money. Maybe it's for a credit card you don't recognize, a loan you never took out or some old bill you thought was long gone. Panic sets ...