0
Last payment on the debt is usually the date. Some of them are going to be the last time you talked with them about it. SOL's begin upon the date of last activity on the account. In most cases that will be when the creditor enters the account as a charge off, which will usually be 180 days after the account holder has defaulted. If the debtor makes a payment of any amount or in some instances agrees to make a payment the SOL will restart. The SOL will also restart if the debtor moves from his or her current state of residency to a new state.
Wiki User
∙ 17y ago
Wiki User
∙ 9y agoThe statue of limitations on credit card fraud in Florida is 4 years. The credit card company forfeits any legal action to collect debt after 4 years.
Wiki User
∙ 11y agoCredit cards are considered Open Ended accounts. In Florida, they have four years to collect or bring suit.
Wiki User
∙ 12y agoCredit cards are considered open ended accounts. In Florida that is set at 4 years. The time starts from the last acknowledgement of the debt.
Wiki User
∙ 8y agoThat is a written agreement in the state of Florida. They have set the limit at five years from the last acknowledgement of the debt.
Add your answer:
Earn +20 pts
What is the statute of limitation on credit card debt inFlorida?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is measured from the last use or payment.
How do you determine what the statute of limitations is on a credit card dept from 2001 in the state of Nevada?
http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
What is the statute of limitations on credit card debt in Florida and Michigan?
Credit Cards are typically considered Open Accounts. The credit card agreement you signed may specify the state laws that will apply to the account and collection activities associated with it. Read the contract and consult an attorney. In Florida Open Accounts are subect to a 4 year statute of limitations. In Michigan Open Accounts are subect to a 6 year statute of limitations.
Colorado statute of limitations credit card?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Colorado is 3 years. That is measured from the last use or payment.
Is there a statute of limitations on suing someone for credit card credit?
one year
What is the statute of limitations on a credit card debt in ny?
4 years
What is the statute of limitations in connecticut for credit card debt?
7 years
What is the statute of limitations for credit card debt in South Dakota?
The statute of limitations on credit card debt in South Dakota is six years. The company is allowed to aggressively pursue payment for that period of time.
What is the statute of limitations on credit card debt resumed after bankruptcy in Florida?
That would be classified as a written agreement in Florida. That sets the limit at five years from the last acknowledgement of the debt.
What is the statute of limitations on credit card debt in RI?
Is there a cost to find out the staue of limiations in years on credit card debt
How long is the Arkansas statute of limitations for felony check writing?
What is the statue of limitations for credit card debt reporting
Does the statute of limitations on credit card debt start over when sent to collections?
No, the statute of limitations won't start over again unless you make a payment.
