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What is the statute of limitations for credit card debt in Massachusetts?
Wiki User
∙ 16y ago
The statute of limitations on credit card debt for Massachusetts is 6 years according the website I found. (http://www.creditinfocenter.com/rebuild/statuteLimitations.shtm)
NOTE that this is different from what will be reported on your credit report. In any case, if you do not pay what you owe, your score and ability to borrow will be low for a longer period of time.
Wiki User
∙ 16y ago
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What is the statute of limitations on credit card debt in Florida and Michigan?
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.
How long are you liable for a credit card debt?
As a responsible cardholder, you are generally liable for any credit card debt up to the statute of limitations as established within your state. This does not prevent a debt collector from continuing to pursue older debts, but it does generally prevent judgments on old debts as long as you advise the creditor or court that the statute of limitations has expired. Debt collectors may still pursue debt collection even beyond the statute of limitations.
Can a credit card company sue you after fourteen years?
This will depend on the statute of limitations in your state but there are also other factors that will determine whether or not they can as well. The statute of limitations for your state is dependent on when the last time you made a payment or used the card. So, if you made a payment two years ago on the debt but it's been fourteen years since the last item was charged on your card you only have two years towards the statute of limitations not fourteen. Often, credit card company collection agencies will tell you that they will sue you even if the debt has passed the statute of limitations in order to try to collect on outdated debt. After the statute has passed the company has no legal right to collect it. Additionally, in most cases if the debt is more than 10 years old since the last payment had been made, it is not allowed to be on your credit report. Interestingly, if your states statute of limitations is five years, it can still be posted to your credit report until the 10 years has fully elapsed.
Should you pay off old credit card debt that is past the statute of limitations and is no longer on your credit report?
I have been paying down this credit card for ten years. The dates in which it went dilinquent are long past the statue of limitations. This whole account doesnt show up on ANY of the three credit agencies on my report. They are not reporting my monthly payments so paying them isn't helping. I only owe $1400..at one time i owed them 15k
How long can after a charged off debt can a credit card debt be collected by another company that has purchased the debt?
Depends on which USA state where you live - Check Debt with Statute of Limitations; and http://www.bcsalliance.com/y_debt_sol.html
How do you determine what the statute of limitations is on a credit card dept from 2001 in the state of Nevada?
http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
Colorado statute of limitations credit card?
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.
Is there a statute of limitations on suing someone for credit card credit?
one year
What is the statute of limitations on a credit card debt in ny?
4 years
What is the statute of limitations in connecticut for credit card debt?
7 years
What is the statute of limitations for credit card debt in South Dakota?
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.
What is the statute of limitations on credit card debt in RI?
Is there a cost to find out the staue of limiations in years on credit card debt
How long is the Arkansas statute of limitations for felony check writing?
What is the statue of limitations for credit card debt reporting
What is the statute of limitation on credit card debt inFlorida?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is measured from the last use or payment.
Does the statute of limitations on credit card debt start over when sent to collections?
No, the statute of limitations won't start over again unless you make a payment.
What is the code section for Delaware statute of limitations on credit card debt?
three years.
What is the statute of limitations for credit card debt in NY?
Six years from the time of DLA.
