nicholsjw84
New Member
- Jurisdiction
- Missouri
When i was in my late teens I encountered a Medical Bill that went to collections. This debt was sold by the hospital to a debt collection agency which is also a law firm. This firm filed a judgement in March 2008 and I have been making payments since. Due to the high interest rate I still owe a substantial balance. I have attempted to settle the debt but understand they have no obligation to work with me. I have been researching Missouri law and have found information stating there is a statute of limitations on collecting debts in judgements. I'm reading they have 10 years. This has me thinking that if the full amount of the debt is not collected by March 2018 (next month) then I have no legal obligation to continue payment. Is this correct? I've already paid the original balance back in full and now I'm drowning in interest.