Will My Debt Disappear After 7 Years

When it comes to managing your debt, the idea of a seven-year debt cycle may have come up. This is because many people believe that their debts will simply vanish after seven years. But what does this mean for those facing financial hardship? Is it true that all your debts will disappear after seven years?

The answer is not as simple as you might think. The belief that debt will magically disappear after seven years may be based on statute of limitations laws in certain states. These laws dictate how long creditors can take legal action against consumers for unpaid debts. However, statute of limitations only applies to unsecured debts such as credit card bills and medical bills, and not secured loans like mortgages or auto loans.

The Law Offices of Omar Zambrano has helped thousands of people and them businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706