What is the statute of limitation on credit card debt in Connecticut?

Answer 1

There is no limitation for how long a defaulted debt may be collected. If you owe and never pay, you still owe. State law does establish SOL for how long a consumer may be sued to recover a debt. In Connecticut, that length of time is 3 years for Oral Agreements and 6 years for Written Contracts, Promissory Notes and Open Accounts. A federal law, the Fair Credit Reporting Act, establishes how long a delinquent account may be reflected on your credit report. In general this time period is 7 years, although there are exceptions. Expiration of the SOL time period is not a guarantee that you won't get sued for a debt. It would, however, give the defendant an absolute defense to such a time-barred lawsuit.

Answer 2

SOL's for Connecticut are...open accounts(credit cards) 6 years; written contract 6 years; verbal contract 3 years; domestic judgment 20/25 years; Small Claims judgment 10 years; foreign judgment 10/20 years. SOL's only apply to lawsuits and judgments awarded as a result. There are not time limits when a creditor/collector must halt collection attempt procedures.

Answer 3

The statute of limitations for a bill in Connecticut puts a time limit on the amount of time one can be sued for a debt. An oral contract is equivalent to 3 years, while a written contract is equivalent to 6 years.

Answer 4

In Connecticut, as in most states, it will depend on what the specific charges are. If it is a Class A felony, there is none. For sexual crimes it will be set at 30 years after majority. Other felonies are set at 5 years. Misdemeanors will be set at 1 year. Fleeing the state tolls the statute.

Answer 5

It varies depending on the type of debt. Written agreements, including Promissory notes are set at 6 years in Connecticut. Oral agreements and open ended accounts (credit cards) are set at 3 years.

Answer 6

It will be set by the statute of limitations for debt collection in Connecticut. However, once the estate is closed it is very difficult to collect anything.

Answer 7

Credit cards are considered Open Ended accounts. In Connecticut, they have three years to collect or bring suit.

Answer 8

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Connecticut is 3 years. That is typically measured from the last use or payment.

Answer 9

That would be normally classified as a written agreement in Connecticut. That sets the limit at six years from the last acknowledgement of the debt.