No. of Recommendations: 1
Skimming Texas statutes I find a couple references saying that a statute of limitations may be shortened by contractual agreement, but not lengthened by contractual agreement.

I don't know if that applies only to those specific instances, which were not in regards to debt collection specifically, or if they can be construed to apply across the board. The statutes of limitations specifically mentioned with regard to debt collection does not have any similar language at all.

I would THINK you could sign that agreement and that clause would not be enforcable, but I'm no attorney. Don't go signing it based off of my opinion only.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.