Statute of limitations apply to bringing law suits for civil or criminal charges. Reporting of debts on a credit statement is normally limited to 7 years.
http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
The statute of limitations for debts reported on your credit report is 7 1/2 years.
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.
one year
4 years
7 years
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.
No, the statute of limitations won't start over again unless you make a payment.
Credit Cards are classified as Open Lines of Credit in Michigan. The statute of limitations is 6 years. That is measured from the last acknowledgment of the debt by the estate.
What is the statue of limitations for credit card debt reporting
Statute of limitations apply to crimes and civil law suits. Civilian credit reports are typically limited to seven years by consumer protection laws.
The statute of limitations is how long a collection agency can collect and sue or the debt. It makes no difference how much or how little the amount is. The only limitations are time.