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The elements of an open account are: (1) transactions between parties (2) creating a creditor-debtor relationship through the regular course of dealing (3) with the account still being open. and (4) with the expectation of further dealing

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What was the statute of limitations in Texas in 2005 for unpaid credit cards?

The statue of limitations for enforcement of a debt in Texas is 4-years for most types of debts, and that starts from the date the account was open, or last payment made (Texas Code Section 16.004 (a) (3))


Texas statute of limitations for credit card debt?

SOL's are regulated by state laws. To find out what the SOL for credit card debt is for your state you can do a simple search. Example: "Name of your State" Statute of Limitations For Debts. The Delaware Statute of Limintations for open accounts for debt collection is 4 years. The Delaware Statute of Limitations for written contracts is three years.


What is the statute of limitations on an unpaid home telephone bill in the state of Texas?

SOL in Texas for an Open Account is 4 years and a Written Contract 4 years. A telephone bill might be one or the other. Note that other factors will determine when the SOL begins to be counted.


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In Oklahoma the statute of limitations for an open ended account is set at 3 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.


How long is the statute of limitations on a credit card in Nevada?

Nevada has set the statute of limitations for an open ended account at 4 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.


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Nebraska has set the statute of limitations for an open ended account at 4 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.


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