Just received my Link card. Am in the dark as to how much it's worth and just where I can I use it. Can I use it at Schnucks Grocery Store in Collinsville, IL and where else in Collinsviklle, Il can I use it?
Credit cards have an expiry date, they are not controlled by the statute of limitations.
but hole but hole
http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml Check out this site, it will tell you all you need to know.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Georgia it is 6 years. That is usually measured from the last use or payment.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection varies from state to state. It is somewhere between two years and as long as 8 years. That would be from the last use or payment.
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.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection varies from state to state. It is somewhere between two years and as long as 8 years. That would be from the last use or payment.
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 Georgia Open Accounts are subect to a 4 year statute of limitations.
You'd have to check your state laws.
It depends on the state and how the debt is documented. Oral debts are usually the shortest. Written and Promissory Notes are the longest. Open Accounts such as credit cards vary.
Indefinitely!! However that "statute of limitations" is different per state. These limitations prevent an agency from suing you or reporting your debt to the credit bureaus if the age of the debt is too long. Here's the limitations per state: http://www.nolo.com/legal-encyclopedia/statute-of-limitations-state-laws-chart-29941.html Experience: I own a collection agency.
There is no statute of limitations associated with credit reports. However, any information that is more than 7 years old should be removed from the report.