Thank you for coming to RegulationRoom, LSmith. It sounds like you are concerned that telling consumers that collectors cannot sue on a time-barred debt will limit their ability to collect. In your case, this might happen even when the collector can still report the loan to a credit bureau. Can you think of a less costly way to inform consumers of their rights?
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Thank you for coming to RegulationRoom, LSmith. It sounds like you are concerned that telling consumers that collectors cannot sue on a time-barred debt will limit their ability to collect. In your case, this might happen even when the collector can still report the loan to a credit bureau. Can you think of a less costly way to inform consumers of their rights?
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