0
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.
What else can I help you with?
How long does credit card debt stay on your credit report?
7 Years from the DLA.
How do you come out of your credit card debt?
Most credit card statements will show you how long it will take to pay off your credit card debt based on your minimum payment and interest rate. You can avoid debt settlement and debt consolidation with credit card negotiation. My Plastic Wallet specializes in credit card negotiation. No up front charges and their work is backed by a 100% money back guarantee if they can not help you pay off your debt at least 3 times faster. http://www.myplasticwallet.com
Do you have to pay credit card debt from 5 years ago?
If it is debt, you must pay it, no matter how long you put it off.
Is credit card debt down?
No. Because of the bad economy, high prices, poor prospects for the future, downward slide of the stock market, and a rising national debt; the overall credit card debt is up and rising. As long as the economy is poor and does not look good for the future, credit card debt will increase. People are using their credit cards to buy essential goods and services they can not afford to be without.
How long can a debt collector chase a credit card debt?
As long as they are actively pursuing it, they can chase it until the debt is paid. There's no way to simply keep avoiding the debt, it won't just 'go away'.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
How long credit card debt stay on credit report?
seven years
How long am i liable for items not on my credit card statement?
For up to 7 years! That long , believe it or not.
How long does credit card debt stay on your credit report?
7 Years from the DLA.
How long is the statute of limitation on a credit card debt in MN?
7 years
Can a freelancer obtain a credit card?
Yes, freelancers can typically obtain a credit card as long as they meet the credit card issuer's requirements, such as having a good credit score and sufficient income to repay the credit card debt.
How do you come out of your credit card debt?
Most credit card statements will show you how long it will take to pay off your credit card debt based on your minimum payment and interest rate. You can avoid debt settlement and debt consolidation with credit card negotiation. My Plastic Wallet specializes in credit card negotiation. No up front charges and their work is backed by a 100% money back guarantee if they can not help you pay off your debt at least 3 times faster. http://www.myplasticwallet.com
Can a credit card company go after you for money forever?
As long as you have the debt, there is no expiration date.
How long is credit card debt judgment valid in Georgia?
7years from date of judgement
Do you have to pay credit card debt from 5 years ago?
If it is debt, you must pay it, no matter how long you put it off.
Is credit card debt down?
No. Because of the bad economy, high prices, poor prospects for the future, downward slide of the stock market, and a rising national debt; the overall credit card debt is up and rising. As long as the economy is poor and does not look good for the future, credit card debt will increase. People are using their credit cards to buy essential goods and services they can not afford to be without.
What is more credit damaging Bankruptcy or settling a credit card debt?
Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.
