Programs vary significantly by field and college. A master's of business administration, or MBA, usually ranges anywhere from 30 to 60 credits. A full-time student can normally complete the 30 credit program within a calendar year, but it would typically take at least two years for the 60 credit degree.
In most states, collectors can try to collect after the statute of limitations has expired but they canât misrepresent the debt and if they try to sue you, you can raise the statute of limitations as a defense.
Michigan has a statute of limitations of six years, which applies to all types of debts. This means that if a debt is more than six years overdue or hasnât been paid in more than six years, creditors cannot take legal action.