The statue of limitations in Ca for a credit card debt is 6 years from the last payment made on the account. I have been working in Collections for 14 years and they legally cant take you to court and get a judgment on you if you have not paid toward the account in 6 years. However it will still stay on your credit report for 7 years. A lot of Card companies will sell your debt to collection agencies. Don't be intimidated by them.... They will try to tell you that the time starts over because they own the note now.... NOT TRUE.. It will always go by when you made the last payment.
Ken
The standard limit is 4 years for debts in California, but only 2 years for Oral agreements. This is from the last communications by the debtor. They can file claim at any point during this time.
Same as every other state, seven years unless there has been a jedgment entered against the debtor for the particular creditor and debt, then it is ten years, and this can be extended ten years in some instances. This, of course, is from the date of last payment. The law that regulates debt collection is the Federal Fair Debt Collection Practices Act. Each state has a variant of that which can be more strict as relates to the creditor in collection of debts, but cannot modify the time limit allowable for the collection of debts other than to lower them in the particular state. I am not aware of any state in which the time limits are lower.
48 months from last payment date.
In California the standard limit is 4 years for debts, but only 2 years for Oral agreements. This is from the last communications by the estate. They can file claim at any point during this time.
In California the standard limit is 4 years for debts, but only 2 years for Oral agreements. This is from the last communications by the estate. They can file claim at any point during this time.
I found that the following websites very informative and both provided the answer to this question. http://www.bcsalliance.com/y_debt_sol.html http://www.bcsalliance.com/debt1_california.html
4 years written contract, 2 years verbal contract.
In California the statute of limitations is 2 years for an oral contract and 4 years for a written contract or promissory note.
I believe the statute starts to run from the date of last activity
no statute of limitations on judgements
SOL's for debt are established by state law, therefore they vary as to the length of time for different types of debt. Search: " Name of state (example: California) Statutes of Limitations for debt".
There is no statute of limitations for debt collection in Michigan. You can continue to collect as long as the debt is owed. The debt can be sold as well.
No there is not statute of limitations. The lien serves as notification that a debt is owed and secures that debt.
The statute of limitations for debt collecting from a deceased person in the state of Kansas is ?æfive years. However, the statute of limitations for debt collection will vary in other states.
4 years is statute of limitations in CA REFERENCE Debt Cures by Kevin Trudeau. DON'T admit to your old debt or it can start all over.
What is the statute of limitations for driving citation tickets in California? VC
Fines have no statute of limitations. You have received full notice of the debt.
what are the statute of limitation of debt in india gujarat for NBFC housing finance company
Each jurisdiction sets its own statute of limitations. This would be a debt with a written agreement. It could be anything from 2 years all the way up to 10 years. It would start on the last communications from the user.
These are normally classified as a written agreement. In California that means the limit will be four years from the last acknowledgement of the debt.