I have written before about the statute of limitations. It is generally four years on a written contract. Simple enough, right?
Well, maybe. It is four years from the date of the last payment or the date the last payment was due. But, in calculating the statute of limitations, what is the end date? In other words, what do they have to do before the statute of limitations expires?
Simple. They just have to file a lawsuit. And once it is filed, they can then serve you, get a judgment, and collect on the judgment. The judgment is good for 10 years. However, even if they miss the statute of limitations, if you do not respond, they can win.
This why you should not ignore legal papers once you get them. Let a professional look at them and make sure they did not miss the statute of limitations.