What is the California statute of limitations for debt?

Answer 1

The statue of limitations in Ca for a credit card debt is 6 years from the last payment made on the account. I have been working in Collections for 14 years and they legally cant take you to court and get a judgment on you if you have not paid toward the account in 6 years. However it will still stay on your credit report for 7 years. A lot of Card companies will sell your debt to collection agencies. Don't be intimidated by them.... They will try to tell you that the time starts over because they own the note now.... NOT TRUE.. It will always go by when you made the last payment.

Ken

Answer 2

The standard limit is 4 years for debts in California, but only 2 years for Oral agreements. This is from the last communications by the debtor. They can file claim at any point during this time.

Answer 3

Same as every other state, seven years unless there has been a jedgment entered against the debtor for the particular creditor and debt, then it is ten years, and this can be extended ten years in some instances. This, of course, is from the date of last payment. The law that regulates debt collection is the Federal Fair Debt Collection Practices Act. Each state has a variant of that which can be more strict as relates to the creditor in collection of debts, but cannot modify the time limit allowable for the collection of debts other than to lower them in the particular state. I am not aware of any state in which the time limits are lower.

Answer 4

48 months from last payment date.

• California Collection Laws Interest Rate
  
  Legal: 10%
  Judgment: 10% (Unless otherwise contracted)
  
  
• California Collection Laws Statute Of Limitations (Years)
  
  Open account: Reduced to writing-4
  Open account: No writing-2
  Written Contract: 4
  Domestic Judgment: 10 (renewable at 10)
  Foreign Judgment: 10 (commencing with judgment debtor's commencement of CA. residence.)
  
  
• California Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  
  Amount due, treble damages - minimum $100 maximum $1500 per check.
  
  
• California Collection Laws General Garnishment Exemptions
  
  See federal law. Exemptions for necessities of life.

Answer 5

In California the standard limit is 4 years for debts, but only 2 years for Oral agreements. This is from the last communications by the estate. They can file claim at any point during this time.

Answer 6

In California the standard limit is 4 years for debts, but only 2 years for Oral agreements. This is from the last communications by the estate. They can file claim at any point during this time.

Answer 7

I found that the following websites very informative and both provided the answer to this question. http://www.bcsalliance.com/y_debt_sol.html http://www.bcsalliance.com/debt1_california.html

Answer 8

4 years written contract, 2 years verbal contract.

Answer 9

In California the statute of limitations is 2 years for an oral contract and 4 years for a written contract or promissory note.