0
I heard that if your credit card debt is over 5 years you dont have to pay the debt anymore is this true?
Wiki User
∙ 15y ago
No that it partial truth.
To find out the entire truth do the following
Hello,
Please search in Google for State Statute of limitation.
I could have answered that, if i knew which type of debt it is and which type of contract you have along with your state.
You should get the answer, there are a lot of websites that have State Statute of limitation.
If it is past SOL (Statute of Limitation), then they cannot take legal action against you.
Make sure to count the years correctly, The clock starts ticking when you make the last payment. The clock reset if you make a single payment during years.
For Example:
If you debt in 2004, never paid them......... but in 2006 you paid them $200, just to get them off your back.
If this is the case, then the clock resets and you SOL time would be counted from 2006.
Thanks!
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
I am trying to download windows live messenger but it says you need a credit card number to verify that I am an adult but I don't have a credit card. What can I do?
A credit card is not required anymore. Get the latest windows live messenger.
What is a credit card machine called?
A credit card machine may be called a credit card terminal. I have heard of people calling them other names, but this is the main one.Sources: Common Knowledge.
How old do you have to be to open up a credit card?
U Have To Be 16 Years Old In The UK For A Saving's Credit Card... U Have To Be 18 Years Old In The UK For A Loan Credit Card...
When are you allowed to apply for a credit card?
You are alard a credit card when you are 11 years old you will be alard to keep it in your own hands. So 11 years old and your alard to keep a credit card
Does AOL cost anything anymore?
no its completely free $0 no credit card reqired
If you are credit card blacklist how many years?
5 years
What are the differences between a secured and unsecured credit card?
I have never heard of credit card that is unsecured. So you better off check with the proper legal bank's credit card then apply for one, don't put yourself into the scam.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
Can a 17 year old get a credit card in the UK?
you have to be 18 years old to get a credit card that's if you sign for he or her
Is sneakermash website legitimate?
it is a scam. charged my credit card and never heard from them again
How long credit card debt stay on credit report?
seven years
Can I apply for a credit card now?
Yes you may apply for a credit card. I should warn you though, you may not want to get your hopes up because I have heard that credit card companies are rejecting a lot of people who apply for them due to economic concerns.
