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

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12y ago

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Does a credit card debt that has been passed to a debt collection agency need to be paid the original debt is from 1978?

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. Thanks!


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The SOL begins when an account is considered in default. SOL's only apply to lawsuits, they do not halt collection procedures by the OC or an assigned collection agency.


What are the basic limitation of credit cards?

In Canada, one must be at least 18 years of age in order to apply for a credit card. Once a credit card is issued, the main limitation is the available credit, which is the maximum outstanding amount you can have on your credit card at any given time.


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What are the limitation to medical bills collected by a hospital after several years in the state of Kentucky?

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Did the president extend the statutes of limitation for credit card debt?

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Statue of limitation on credit card fraud in Oklahoma?

5 years