Oral contracts, promissory notes, written contracts, and open accounts (credit cards) all have an SOL of 6 years from DLA. Judgments both foreign and domestic are valid for 10 years and most are renewable.
Tennessee has set the statute of limitations for an open ended account at 6 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.
OPEN ACCOUNTS 3 YEARS
CLOSED ACCOUNTS 6 YEARS
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
The statute of limitations for debts reported on your credit report is 7 1/2 years.
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.
one year
Statute of limitations apply to bringing law suits for civil or criminal charges. Reporting of debts on a credit statement is normally limited to 7 years.
4 years
7 years
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.
No, the statute of limitations won't start over again unless you make a payment.
Credit Cards are classified as Open Lines of Credit in Michigan. The statute of limitations is 6 years. That is measured from the last acknowledgment of the debt by the estate.