Asked in Credit and Debit CardsStatutes of LimitationsCredit
What is the statute of limitations on credit card debt in Pennsylvania after being charged off and sold to a third party?
April 10, 2009 8:00PM
In Pennsylvania the Statute is 4 years for oral, written contracts. So it would be 4 years from the last activity on a credit card (ie 4 years from the last payment you made before the account went late)
My wife just got sued by Capital One (original creditor) and the account is 2 years past the 4 year statute so don't believe they can't sue even after the statute is past. Contact a lawyer and have him file your proof of last activity (using a credit report) at the court saying the debt need not be repaid because the debt is passed the 4 year statute of limitations.