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When does the statute of limitation begin on a credit card debt in Missouri?
Wiki User
∙ 13y ago
Missouri has set the statute of limitations at 5 years. A credit card is an open ended account. That will be from the last communications from the debtor. Please note that the credit card may be based on a different jurisdiction which could be longer! Check your agreement for the applicable jurisdiction.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoIn Missouri the statute of limitations for an open ended account is set at 5 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.
Wiki User
∙ 13y agoCredit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Missouri is 5 years. That is typically measured from the last use or payment.
Wiki User
∙ 12y agoMedical services are typically provided based on a written agreement. In Missouri the limit is set at 10 years. The time starts from the last acknowledgement of the debt, such as a payment.
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What is the statute of limitations in Florida on written contracts and when does it begin?
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When do statute of limitations begin?
This depends on the underlying law and circumstances. Many times a statute of limitations will begin when the relevant injury occurs or when a reasonable person would have discovered the relevant injury.
How do you begin to excersie the statute of limitatons on your credit card debt?
That will be measured from the last communications from the debtor (you). Any validation that the debt is valid will start the time over again. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.
When does the statute of limitations begin to run against a guarantor of a debt?
No. There is no statute of limitations "for a guarantor". However, there are statutes of limitations for different categories of debts. Statutes of limitation vary from jurisdiction to jurisdiction and for different types of contracts. For example a five year lease, a thirty year mortgage, a six year car loan. However, in the case of a default by the primary borrower, a creditor will generally seek payment from the guarantor prior to the tolling of the statute of limitations.
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That statute of limitations for medical malpractice varies from state to state usually from one to four years. Some states also provide a stipulation that can add to that number called "the discovery rule." The discovery rule allows for the date to begin from the time that the illness or injury caused by medical malpractice is first discovered. The articles below discuss the statute of limitations further as well as the discovery rule.
