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Hello,
Please search in Google for State Statute of limitation.
I could have answered that, if i knew which type of contract you have along with your state.
You should get the answer, there are a lot of websites that have State Statute of limitation.
If it is past SOL (Statute of Limitation), then they cannot take legal action against you.
Make sure to count the years correctly, The clock starts ticking when you make the last payment. The clock reset if you make a single payment during years.
For Example:
If you debt in 2004, never paid them......... but in 2006 you paid them $200, just to get them off your back.
If this is the case, then the clock resets and you SOL time would be counted from 2006.
Thanks!
What else can I help you with?
What is the Illinois Statutes of Limitation for the credit cards debt and the tolling?
They have to collect your credit card debt within 6 years for most accounts. Most credit card companies will try to collect a debt over a certain amount, like a thousand dollars.
What happens when a credit card debt goes to litigation?
A credit card debt will be granted a judgment possibly and then the company can pursue you to collect the debt. A garnishment could even be awarded, although this is rare on unsecured debt.
What if you leave credit card debt in US?
I owe credit cards companies in the US. Can they collect it in The Netherlands?
What if a creditor is not on your credit report but trying to collect a debt?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
Can a credit card company collect from a deceased persons parents?
Not unless they were guarantors of the debt.
What do I do to get out of my credit card debt?
In order to get out of your credit card debt you must start to pay off your debt and this can be acheived by budgeting rather harshly. The quicker you save, the quicker your debt will be wiped out.
What is the Statute of Limitation period for a credit card debt in Ontario?
For a written agreement; which involves a credit card debt is 4 yours from the date of last activity or last payment. Once this expires, the debtor can no longer collect on this debt, or sue you for this debt.
If you incur a debt on credit card after you file chapter 13 and are still under the bankruptcy can that credit card company do anything legal to collect your debt?
Declaring bankruptcy does not allow you to go out and spend money without having to pay it back. Yes, the debt is not covered by the Chapter 13 filing, so they can do what they can to collect the new debt.
Has a debt collection law firm jurisdiction outside the US Can they collect credit card debt outside the US?
They can collect whatever you let them collect. Its called intimidation and if they are successful and you pay, then it doesn't matter does it....
How can a credit card company collect debt from spouse of deceased in Missouri?
It is certainly possible. It will depend on how the credit card was set up. If it was obtained under both names, both parties can be held responsible for the debt.
Who is responsible for credit card debt after death in the state of Illinois?
Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
