6 years.
In Georgia they consider breaking and entering as burglary. Burglary is considered a felony in Georgia and it carries a 4 year state of limitations. But when someone is charged the statue of limitations no longer applies.
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.
In the state of South Carolina, the statue of limitations for debt is currently set at five years. The statue of limitations for debt is different in each state in the US.
All debt has a statue of limitations. However that Statue of Limitations varies by locality. In most areas that Statue of Limitations is renewed whenever you make a payment. In your example the statue of Limitations is 4 years but you have been paying since 2002 and presumably have made a payment recently. In that case those 4 years begin at the time that you stop making a payment.The short answer is that in most areas the debt is owing till its paid. If if the account is beyond the Statue of Limitations it simply means the agency can't force you to pay through court order. However, they can still request payment.California is the notable exception but you need to research your own local laws.
6 yrs
It will take 7 years before the statue of limitations will be inactive on a debt in Tennessee.
Three years.
The time frame on debt collection is 6 years in Georgia. Oral contracts are going to be limited to 4 years. The time usually starts from the point of last payment or acknowledgment of the debt.
What is the statue of limitations for credit card debt reporting
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.
You need to find out your state's statue of limitations. If the debt is old, then you can back sue the collection agency. You can also go to court and reach an agreement.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Delaware it is 4 years. That would be from the last use or payment.