Collecting debt in Mississippi: licensing, bonds and statutes of limitations.

“All actions for which no other period of limitation is prescribed shall be commenced within three (3) years next after the cause of such action accrued, and not after.”

Mississippi has no separate written-contract period; written contracts fall under the three-year catch-all. Only negotiable notes get six years, under UCC § 75-3-118, to which §§ 15-1-29 and 15-1-49 defer.

“actions on an open account or account stated not acknowledged in writing, signed by the debtor, and on any unwritten contract, express or implied, shall be commenced within three (3) years next after the cause of such action accrued, and not after”

“an action to enforce the obligation of a party to pay a note payable at a definite time must be commenced within six (6) years after the due date or dates stated in the note or, if a due date is accelerated, within six (6) years after the accelerated due date.”

An undemanded demand note is barred after ten years without payment of principal or interest (§ 75-3-118(b)).

“Except as otherwise provided in the Uniform Commercial Code, actions on an open account or account stated not acknowledged in writing, signed by the debtor, and on any unwritten contract, express or implied, shall be commenced within three (3) years next after the cause of such action accrued, and not after”

Three years either way: whether a credit-card claim is pleaded as an open account (§ 15-1-29) or on the written cardholder agreement (§ 15-1-49), the period is the same. Kersey v. Fernald, No. 2004-CA-01297-COA (Miss. Ct. App. Sept. 27, 2005): 'Under either Mississippi Code Annotated Section 15-1-29 or 15-1-49, the statute of limitations does not allow for recovery on claims filed more than three years after the cause of action accrued.' Kennedy v. Estate of Kennedy, No. 2013-CA-01349-COA (Miss. Ct. App. Sept. 30, 2014) ¶17: 'While there is a specific limitations period for unwritten contracts ... the time period is the same as the general statute three years.' Neither pass found a Mississippi appellate opinion expressly labeling a credit card an open account; not needed for the period.

“All actions founded on any judgment or decree rendered by any court of record in this state, shall be brought within seven (7) years next after the rendition of such judgment or decree, or last renewal of judgment or decree, whichever is later. A judgment or decree can be renewed only if, at the time of renewal, the existing judgment or decree has not expired.”

Renewal is by filing a Notice of Renewal with the rendering court's clerk before the existing judgment expires; 'The renewal of such judgment is effective as of the date of the filing of the Notice of Renewal with the clerk'; the clerk mails notice to the debtor; 'The right to renew a judgment in any other manner allowed by law instead of using the above Notice of Renewal remains unimpaired.' No cap on the number of renewals appears in the text. Foreign judgments under § 15-1-45 are not covered by the § 15-1-43 notice procedure on the statute's face (§ 15-1-45 read by pass A only).