Michigan Statute of Limitations on Debt

Debt is a reality many face at some point in their lives. Whether it’s from credit cards, medical bills, or personal loans, managing debt can be a challenging journey. However, debt doesn’t last forever, thanks to laws like the Statute of Limitations.

Statute of Limitations on Debt

The Statute of Limitations on debt refers to the time limit that creditors have to pursue legal action against a debtor for the repayment of a debt. It serves as a protection for debtors by limiting the amount of time that a creditor has to bring a lawsuit against them.

The purpose of the Statute of Limitations on debt is to ensure that debts do not linger indefinitely, giving debtors peace of mind and the opportunity to rebuild their financial stability. By imposing a time frame on debt collection efforts, the Statute acts as a safeguard against the endless pursuit of unpaid debts.

The length of the Statute of Limitations on debt varies depending on several factors. These factors include the type of debt and the terms of the original agreement. The Statute of Limitations for debt ranges from three to six years, although it can be as short as one year or as long as ten years, depending on the circumstances.

Statute of Limitations on Debt

Statute of Limitations on Debt in Michigan

The Statute of Limitations on debt in Michigan is a key component of the state’s legal framework that aims to protect consumers from long-term financial obligations. In Michigan, the Statute of Limitations for consumer debt is six years. This means that creditors and debt collectors have a limited time of six years to pursue legal action or collect outstanding debts. [1]

Once this period has elapsed, consumers have a legal defense, allowing them to challenge the creditor’s claim in court based on the expiration of the Statute of Limitations. [2]

The Statute of Limitations applies to various types of debt, including:

Creditors can still attempt to collect on expired debts even after the Statute of Limitations has run out. To keep a judgment active beyond the initial six-year period, creditors must renew the judgment every ten years.

This requirement ensures that creditors must actively pursue the debt and prevents them from indefinitely pursuing collection efforts after the initial Statute of Limitations has expired.

Statute of Limitations on Debt in Michigan

Time Limits for Different Types of Debts in Michigan

When it comes to managing debt, it’s essential to understand the laws and time limits associated with different types of debt. In Michigan, there are specific Statutes of Limitations that determine depending on the type of debt you owe. [2] These are divided in:

If you need assistance resolving your debt in Michigan, Frego Law can provide guidance and support. Contact Frego Law today.  


What is the Statute of Limitations for Debt in Michigan?

In Michigan, like in many other states, there are specific Statutes of Limitations that determine how long creditors have to file a lawsuit against you for unpaid debts. The timeframe may vary between six to ten years, depending on the type of debt.

Does the Statute of Limitations prevent creditors from suing after it expires?

Yes, once the Statute of Limitations on a debt has expired, creditors or debt collectors are generally prohibited from filing a lawsuit to collect the debt. However, they may still attempt to collect the debt by other means.

Can the Statute of Limitations be restarted in Michigan?

Yes, certain actions, such as making a payment on the debt or acknowledging the debt in writing, can restart the Statute of Limitations, effectively extending the time creditors have to legally pursue the debt.


[1] Baluch, A. (n.d.). What Is The Statute Of Limitations On Debt? Bankrate. Retrieved March 27, 2024, from https://www.bankrate.com/personal-finance/debt/statute-of-limitations-on-debt/#what

[2] Statute Of Limitations On Debt Collection By State — Forbes Advisor – Forbes Advisor. (n.d.). Www.forbes.com. Retrieved April 19, 2024, from https://www.forbes.com/advisor/debt-relief/debt-relief-statute-of-limitations-debt-collection-by-state/

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