What is the statute of limitations for credit card debt litigation in Texas?

Answer 1

CC debts are generally considered open accounts. The Texas SOL for an open account is 4 years from the DLA. The SOL applies to litigation action only and does not mean the debt is no longer owed or collection procedures cannot be used. However, any repayment of said debt would have to be done voluntarily by the debtor, unless there are mitigating circumstances.

Please be advised, unethical agencies buy and attempt to collect on SOL expired accounts by the use of intimidation, deceit, and out-and-out threats, such as the debtor will be jailed, lose all their property, their employer,neighbors, family, etc. will be contacted, and so forth. All such tactics are illegal and should be reported to the justice division of the state attorney general in the state where the debtor resides. This also applies to those collectors who claim to be or actually are collection law firms/attorneys.

Answer 2

Credit cards are generally considered open accounts the Texas SOL is 4 years from DLA. SOL's only apply to lawsuits, they have to bearing on the time a creditor can pursue the collection of an account.

Answer 3

A credit card is an open ended account. Texas has set the statute of limitations at 4 years. That will be from the last communications from the debtor. Please note that the credit card may be based on a different jurisdiction which could be longer! Check your agreement for the applicable jurisdiction.

Answer 4

Texas has set the statute of limitations for an open ended account at 4 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.

Answer 5

It varies in most states based on the instrument that created the debt. Texas is one of the states that has set a single rule for all types. Written agreements, including Promissory notes, Oral agreements and open ended accounts (the credit cards) are all set at 4 years.

Answer 6

In a study done in 2010, the statute of limitations on credit card debt in Texas was four years. This law was established in 1985 by the Texas Legislature.

Answer 7

There is no satutory limit on credit card debt that I am aware of - it is a civil business contract between you and the credit issuer, not a criminal matter.

Answer 8

The Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

Answer 9

Credit cards are considered Open Ended accounts. In Texas, they have four years to collect or bring suit.