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Is there a statue of limitations for utility bills, medical bills, or purchases? How long should receipts kept

Every once in awhile, I am threatened by a collection agency for services from years ago. If I don't have a receipt, then I am supposed to pay the bill. Isn't there a statue of limitation for utility bills, medical bills, other recurring bills or things purchased?

4 Answers

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  • 2 decades ago
    Favorite Answer

    I usually keep all receipts and copies of bills for 7 years, just like I do with my tax returns.

  • 5 years ago

    In the State of Nevada, the statute of limitations will expire 6 years from the date the debt was incurred, or the date you made your last payment on the debt, whichever is later. That is because this is a hospital debt, and undoubtedly you signed something agreeing to be responsible for the debt at the time of treatment. An action founded upon an instrument in writing must be commenced within 6 years. So, they have one year in which to file a complaint against you, unless you have made any payments to them. P.S.--In response to some of your responders who seem to think that the selling of the debt begins the tolling of the limitations period anew, they are WRONG! An individual (or company, as may be the case) can only assign whatever rights it has. Therefore, when the collection agency assumed the right to collect the debt, they assumed it under the same limitations. The right to sue you for the debt, no matter who holds the paper, will expire 6 years from the date the debt was incurred or the last payment on the debt was made, period.

  • Anonymous
    2 decades ago

    My wife and I have been married for 26 years and we have the receipts for every year in different folders, it takes up a closet but it is well worth it.

    Any disputes that arise we can verify all the information.

    We have only had three disputes but mail themn a copy and all is well.

  • 2 decades ago

    No, I don't think so. I used to work for a company as a medical biller collecting on medical bills from both insurance companies and patients as old as 7 years.

    The best thing to do is pay your debts and don't ignore them!

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