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Yes. [ADDED-see below] The SOL depends on the state and type of agreement. Also note that credit card debt is called an open end account. The SOL for debts that have expired (no longer required to pay) is not the same SOL used by credit bureaus. Take a look at the following site http:/www.credit-repair-specialist.com/debt-collection-statute-of-limitation.html and http://www.blogblackstocks.com/2007/02/how_long_does_n.html Just because the SOL has expired on a debt does not mean you do not owe the debt. Very few states extinguish the debt on expiration of SOL. When the SOL expires it just means that they can not sue you and win if you show up in court and use expired SOL as a defense. They can continue to attempt to collect on a debt forever. Items fall off your credit report 7 - 7.5 years from the DOFD, which is set by the OC and is federally mandated. This date can not change. SOL is state mandated and varies from state to state.

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โˆ™ 2009-07-29 14:20:59
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Q: Are there statutes of limitations for collection of credit card debt?
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Related questions

What is the Alabama statute of limitations for credit card debt collection?

3 years


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.


Are there statutes of limitations for collection of credit card debt in California?

California Statutes of Limitation Written agreements: 4 years, calculated from the date of breach.Oral agreements: 2 years.The statute of limitation is stopped only if the debtor makes a payment on the account after the expiration of the applicable limitations period.


What is the statute of limitations of credit card debt in Virginia?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Virginia is 3 years. That is usually from the last use or payment.


What is the Statute of Limitations for credit card collections in KY?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Kentucky is 5 years. That is measured from the last use or payment.


What is the statute of limitations in Florida on credit card collections?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is typically measured from the last use or payment.


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

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Connecticut is 3 years. That is typically measured from the last use or payment.


What is the statute of limitations for a credit card debt in the state of California?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in California is 4 years. That is normally from the last use or payment.


What is the statutes of limitations in FLorida for unpaid credit card credit card?

Florida has set the statute of limitations at 4 years. A credit card is an open ended account. 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.


When does time start for the statute of limitations on credit card debt in Indiana?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Indiana is 6 years. That is measured from the last use or payment.


First statute of limitations for credit card debt in New Jersey?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in New Jersey is 6 years. That is usually from the last use or payment.


What is the statute of limitations for credit card bebt in mi?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Michigan it is one of the longest at 6 years. That is typically measured from the last use or payment.

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