Three years from the DLA (Date of last Activity) shown on the account. An SOL defense can be subject to tolling according to the interpretation and application of existing creditor/debtor laws.
http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml Check out this site, it will tell you all you need to know.
SOL's only apply to the amount of time that the creditor has to file a lawsuit against the debtor.
http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
The statute of limitations for debts reported on your credit report is 7 1/2 years.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Colorado is 3 years. That is measured from the last use or payment.
one year
Debt generally doesn't have a statute of limitation. Of course debts have a statute of limitations. In Washington state it is 3 years or 6 years, depending on the debt. Check out Washington law RCW 4.16 for more information. Every state has a statue of limitations on debt, which you will commonly see referred to as "SOL" when people write about it.
Statute of limitations apply to bringing law suits for civil or criminal charges. Reporting of debts on a credit statement is normally limited to 7 years.
4 years
7 years
The statute of limitations on credit card debt in South Dakota is six years. The company is allowed to aggressively pursue payment for that period of time.
They can take you to court, unless you file a response stating that the statue of limitations has expired for filing a lawsuit.