Time is one of the most important factors of credit card debt. Your level of delinquency, the state of your credit report, whether you can be successfully sued for what you owe: each of these things depends on time. This in itself is not confusing; however, the nuances and state-by-state variations characterizing the relationship between debt and time are.
Various time frames are important to debt, but one of the most significant is its Statute of Limitations (SOL). This is essentially the time during which debt is relevant under the law. Before the statute of limitations expires, you can be successfully sued for amounts owed. Once it runs out however, suit can be initiated, but it will be thrown out of court if you make it clear that the debt is “time barred,” or older than the statue of limitations.
The age of debt depends on how recently you made a payment towards it. The statute of limitations clock begins at the time of last payment and resets each time you make a payment, thereby re-aging your debt. It is important to note that the statute of limitations has nothing to do with how long negative information remains on your credit report and that making a payment in no way affects this amount of time.
You can find your state’s statute of limitations for debt in the table below. If your outstanding debt is older than your state’s statute of limitations, then the debt is “time-barred” and you have the right to ask the courts to dismiss any suit.
Keep in mind, however, that there are exceptions to the time frames laid out in the table below. U.S. Government insured or guaranteed student loans, for example, have no statutes of limitations (i.e. regardless of the age of the debt, statutes of limitation are no longer valid defenses against repayment of a student loan). In addition, if you move states after opening your credit card, you could be sued in either the state you originally lived in or the state you moved to, as jurisdictional issues related to SOL aren’t always clear.
| State | Statute of Limitations | State | Statute of Limitations |
| Alabama | 6 Years | Montana | 8 Years |
| Alaska | 3 Years | Nebraska | 5 Years |
| Arizona | 6 Years | Nevada | 6 Years |
| Arkansas | 5 Years | New Hampshire | 3 Years |
| California | 4 Years | New Jersey | 6 Years |
| Colorado | 6 Years | New Mexico | 6 Years |
| Connecticut | 6 Years | New York | 6 Years |
| Delaware | 6 Years | North Carolina | 3 Years |
| District of Columbia | 3 Years | North Dakota | 6 Years |
| Florida | 5 Years | Ohio | 15 Years |
| Georgia | 6 Years | Oklahoma | 5 Years |
| Hawaii | 6 Years | Oregon | 6 Years |
| Idaho | 5 Years | Pennsylvania | 4 Years |
| Illinois | 10 Years | Rhode Island | 10 Years |
| Indiana | 10 Years | South Carolina | 3 Years |
| Iowa | 10 Years | South Dakota | 6 Years |
| Kansas | 5 Years | Tennessee | 6 Years |
| Kentucky | 15 Years | Texas | 4 Years |
| Louisiana | 10 Years | Utah | 6 Years |
| Maine | 6 Years | Vermont | 6 Years |
| Maryland | 3 Years | Virginia | 5 Years |
| Massachusetts | 6 Years | Washington | 6 Years |
| Michigan | 6 Years | West Virginia | 10 Years |
| Minnesota | 6 Years | Wisconsin | 6 Years |
| Mississippi | 3 Years | Wyoming | 10 Years |
| Missouri | 10 Years |
(The Statutes of Limitations shown in this chart are for written contracts like credit card agreements. Oral contracts have shorter periods in many states.)
Having your state’s statute of limitations run out does not mean that your creditor no longer has the right to try to collect money owed. However, it does mean that the courts will not be a viable method of doing so, provided that you explicitly notify the judge that your debt is time-barred. Failing to bring this information to the court’s attention could result in the progression of a lawsuit that could have easily been dismissed.
Consider the disclaimer that creditors in New York City are required to include in collection efforts:
“The legal time limit (statute of limitations) for suing you to collect this debt has expired. However, if somebody sues you anyway to try
and make you pay this debt, court rules REQUIRE YOU to tell the court that the statute of limitations has expired to prevent the
creditor from obtaining judgment.”
Making a payment is not always the only act that can re-age debt (i.e. make the statute of limitations reset) either. According to the New Mexico Attorney General’s handbook, this occurs if you:
- “make any payment of the debt”
- “sign a paper in which you admit that you owe the debt or in which you make a new promise to pay”
- “sign a paper in which you give up (“waive”) your right to stop the debt collector from suing you”
The biggest mistake you can make with a “time-barred” debt is to pay a little bit of money at the wrong time just to stop the calls from collectors. Doing so resets the statute of limitations clock and reopens the possibility of being taken to court. So unless you plan to pay off your debt in full or have reached a settlement, don’t start making small payments in hopes of stopping the calls. Instead, send cease and desist letters to collectors who continue to harass you over time-barred debt.
After a certain point, collectors might abandon efforts to recoup your debt altogether because the complexity of collections outweighs the benefit. However, you may feel the moral obligation to pay the debt when you can afford to do so.
As mentioned earlier, making a payment has no effect on the length of time information about your debt will remain on your credit report. This clock begins 180 days after you first become delinquent and nothing you do thereafter affects it. Debt is only removed from your credit report when the requisite amount of time (usually 7 years) has passed, but you could change the status of your debt to “paid” or “settled” by making payment. This is better for your credit score than having your debt classified as “not paid.”
Ultimately, the decision of whether or not to pay is yours alone to make. Be sure you know your statute of limitations, and do not let a creditor threaten you with a lawsuit when your debt is time-barred. If a creditor files a case, you must take action to have the courts throw it out. If you don’t prove that the debt is too old, the creditor will likely win his case.
We have some old items on our credit report that are past the states (colorado) SOL. What's the best way to go about getting those old items removed from our credit report? We are trying to qualify for a mortgage. Our "current" credit is good. Just these old things haunting us that shouldn't even be there. Is there a sample letter we can look at to send the credit bureaus? Thanks.
I have samples I will email you later tonight. :-)
YES! I've been through this exercise already. On each reporting agency's website there is a place to file your request. Easiest way to start is pull a free credit report from each agency - you are entitled to one from each every year. Go to www.annualcreditreport.com and it will let you get a report from TRW, Equifax, and Experian. Another thing I did at the advice of y loan officer was write a letter of explanation to the mortgage company and attached copies of my payment to the creditors to show I took care of the balance. I used a copy of my bank statement for one, and I was able to get a copy of my cancelled check for the other. It worked! :)
BTW, they have 30 days to answer your request, and they are VERY reliable about meeting their deadline. Each one of mine were addressed and resolved within 30 days.
Thanks @[100002604702073:2048:Kristy 'Kristin' Dinkins]!!
Laura Smith - Sorry to be the bearer of bad news, but credit reports remove negative information after 7 years. This timeframe is independent of the SOL timeframe.
if a credit card company tries to sue you and it is past the statue of limitations, therefore dropped in court, can you have this removed from your court files?
My husband's ex wife forge his signature on one of those checks that those credit company sends out. She then had the money deposited into her own checking account and then had monthly withdrawals from that same account. This was in 2006 while they were still legally married. We recently found out about it by pulling his credit report. It looks like the last payment (activity) was in 2007. The check that she forged was solely his, it was not joint with her. We found a promissory note while going through his box of stuff she sent him awhile back, that is how we knew she had it deposited in her account. Is he at all liable because they were still married at the time but he did not sign that check and was not even aware of it?
Since this did not happen in a joint account it sounds to me that he was the victim of fraud. As a result, he should report this to the credit card company and consult an attorney as he might also have to file a police report. Unless he can prove that there was fraud on his account then he is liable.
Thanks Card Hub for your reply. Since we are in California and the debt last activity (payment) has been over 5 years, is that over the statue of limitations now? Technically they can no longer sue us or go after us for the money anymore right? I have a another question to ask and I really appreciated if you can help me. We've recently been contacted by Calvary Portfolio Services, I've google them and they are notorious for pursuing their debtors. They've sent my husband a statement letting him know that he can have a plan to pay off his debt. They purchase this from a creditor (let's call them Thief), the account they show from the creditor does not match the account that is on the credit report from Thief (who charged it off) and sold to them. They said Thief had bought this from Bank (original debt) when they acquire Bank. The original debt, Bank was from a equity home loan that was cleared in 1999 when house was sold. In 2010, my husband was paying making payments to Thief for about $500 a month on amounts owed of $3000 that was a credit card debt. On the last payment in at the end of 2010, he did not have the money in his account for Thief to automatic withdrawal and so they put his account in charged off and sent to collection. My husband called to make payments and Thief said there's nothing they can do cause it's gone to collection, it was already in collection when he started the payments. Somehow now that Calvary Portfolio bought the debt from Thief, they claim last payment was the date at the end of 2010, which corresponds to the date of the credit card debt and not the equity loan from Bank. Somehow I think Thief has mixed up the accounts because the account that Calvary is claiming my husband owes and the account that he was paying to Thief is not the same account number but they have the same last date of payment. We don't know what else to do. Should we get an attorney to get involve? The amount in question is 5 times the amount on the card. Please let me know.
can an old debt be sold to more than one collection agency? I have a debt that is over 16 years old, and just recently received letters from two different collection agencies both offering settlement payoffs of different amounts on different sears accounts....both dated the same date and wanting a response by the same date, but two different account numbers? I had one account but like I said that was probably 17+ years ago...... I ignored it as it is so old.....can they sue me?
Yes, old debt gets sold all the time but there should only be one owner at any point in time. So it sounds that either there is a mistake or that this collection agency is employing some shady practices in trying to collect on that old debt. Finally, yes you can be sued but one you bring up to the judge that the Statue of Limitations has expired then your lawsuit will be dropped.
I received a letter for a credit card I owed 1250 on in 2008, I don't mind paying in small increments, but how do I go about responding to the letter? I would like to avoid court and just get it over with.
Call them and see what they have to offer. Then understand that there is room for negotiation. The larger the installments you can make the more you can demand in return. For example, how much of the $1250 is principal vs interest and fees? You can ask them to waive the interest and fees in return for you paying it down in a lump sum. Don't be surprised if the vast majority of the 1250 is fees and finance charges. So bottom line, call, negotiate, and do not agree to anything that you cannot afford!
How long can the state of Maryland hold open a debt that was the result of over payment of unemployment? The last payment to the person collection unemployment was made in April 2004. They were never notified that there was an over payment until they received a notice today to pay almost $8200.00. Does it matter that they now live in MO?
hmm - I am not sure that the Statue of Limitations applies if the state paid you by mistake more money than it should... You should consult a lawyer and also confirm that indeed they paid you more than they should. Sorry we could not be of more help.
I received a letter from debt recovery solutions saying that they acquired my account from a credit card company. I was divorced in 2005 so this debt must be from before that because I have not opened any credit cards since then. Do I need to respond to this letter - they are offering a settlement on the account.
Has the Statute of Limitations expired? Be careful in responding to any letter because you might inadvertently reset your statute of limitations on that debt.
I definitely think it has expired. I live in NJ and the SOL is six years. I was afraid to just ignore it because I had my bank account levied once before because of a credit card. I found a sample letter online to send notifying them that the SOL has expired and not to contact me again. Should I send it?
Absolutely send the letter - that is a great idea! Just because the SOL has expired does not mean they cannot sue you. The responsibility is on you to bring up that the SOL has expired and once you do that then the lawsuit will be thrown out.
THANKS FOR THE ADVICE!!
I have been receiving calls regarding a credit card account that was last paid on around 2004/05. When I started receiving calls last August, I advised the caller I couldn't pay, because at the time, I didn't remember anything about the account. I live in New Mexico and the time limit for collecting and such is 6 years. What I am wondering is, did I do something to "reset the clock" by stating I can't pay or do I need to actually have signed and/or agreed to a payment plan or something?
It does not sound that you did anything to reset the clock so just tell them that the SOL has expired and not to call you again. Remember that the SOL starts from the date of your last payment and also keep in mind that they can still sue you but the moment you tell the judge that the SOL has expired he/she should dismiss the lawsuit.
I have a credit card bill from like 2004. During the last year or so I have been receiving collections calls regarding this debt. Last summer I said I didn't have the money, as I wasn't sure what this bill was even for. It's been so long, I'm not even sure I owe this. Is there anything I can do about this as they are threatening me with a lawsuit.
Has the SOL expired on your state? If not, you can start by asking them for proof that you owe that money.
I incurred credit card debt while living in Florida. My last payment towards the debt was 2005/2006 on various credit cards. I have since moved to NJ. Which state do I follow as far as statue of limitations? I have not gotten nor used any past or present credit cards since 2006. I haven't received any phone calls over the past 2 years either. What do I do or think?
Depending on when exactly you made the last payment on your credit card, your debt may already be time-barred (i.e. older than the statute of limitations) in both states. Florida’s statute of limitations for written contracts is 5 years and New Jersey’s is 6 years. In most cases, credit card companies will sue for amounts owed in the state you were living in when you opened your card (i.e. Florida), so you should be good. You should, however, check your credit card agreement to see if there is a “Choice of Venue” clause. Credit card contracts often have such clauses, which dictate where any legal issues related to your card will be heard, so it’s conceivable that a different state’s SOL could be used. As far as not receiving any phone calls, that’s a good sign, and if you ever do get a call or a letter in the mail from a debt collector, make sure not to agree to do anything that will reset your statute of limitations (e.g. make a payment or even acknowledge that you owe money). Given the age of your debt, the best course of action would be to ignore any such contact. You really only need to contact a lawyer if you actually get served with a lawsuit.
Negative information goes off your credit report after seven years, I wonder , if sued, if I can use the fact that my credit card account was removed afrom my report as proof that my debt has passed my states 5yr statute of limitations since I no longer have any proof of the last payment on the account or any statement?(also I have never acknowledged this debt on the phone, by payment, or in writing).
You can absolutely do that, but I would not worry about it since it is the creditor's responsibility to prove when you made your last payment.
k thanks :)
Okay thanks... That's the same thing one of the credit bureau reps told me. She said if it isn't on my report don't worry about it. I requested all three reports, it isn't on neither one. They also have my birthday wrong saying I was born in 1968 which I was not. I think I know what year I wa born. They tried to do a settlement but I've been refusing because I know for a fact I did not have a capital one card in 2001. They just keep saying find the person and press charges. How am I suppose to do that? I think I'll stop stressing over it now lol
Starting January I've been receiving calls from a debt collector for capital one. They are saying I owe 2k since 2001 and the last payment was received in 2001. I never had a capital one card in 2001 cause I was only 15 I was born in 1986. I am also wondering if I owe them why isn't it appearing on my credit report. They are asking me to settle but hasn't the statue of limitation passed on this debt. I live in NJ and its beyond 6 years.
If you did not have the credit card they are talking about AND you are sure that there is no record of such a card on your credit report (a possible sign of identity theft), then I think you are dealing with some sort of scammers. Just ignore them :) The statue of limitations is not even relevant if that is not your credit card debt.
Thank you for your indepth response....you guys/girls are the best! I see that I. need to do some research of my own, based on the info you have given me. It is most helpful. Thank you very much.
No payment has been made, nor have I acknowledged owing the debt, nor have. I responded to their once or twice yearly attempts to collect. The first Social. Security check witholding was for the month of February and March of 2012.
I have a credit card debt that is about 20 years old. I have ignored requests. regarding payment so have made no admission of owing this debt. The credit card company has notified Social Security and $123 is being witheld. out of my monthly social security benefits (I am 71 years old). Is this legal?
Just to clarify. You have NOT made a single payment toward this debt for around 20 years. Correct? Also when exactly did they start withholding the $123?
Martha - Judging from your comment below, it certainly sounds like your debt would be outside of the statute of limitations in any state. However, is it possible that what you owe does not originate from a credit card? Section 207 of the Social Security Act prevents anyone but the federal government from garnishing social security benefits (http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/426/~/garnishing-social-security-benefits-due-to-a-debt), and there are a limited number of reasons why it can do so. According to the Social Security website: “Social Security will garnish benefits: • To collect unpaid federal taxes under 26 USC 6334(c). • To enforce a valid garnishment for court-ordered victim restitution under 18 USC 3613. • To have a portion of your check withheld to satisfy a current year federal income tax liability under 26 USC 3402 (P). • To pay a non-tax debt owed to another federal agency according to the Debt Collection Act of 1996 (Public Law 104-134). • To enforce child support or alimony obligations under 42 USC 659. If you’re sure that you do not have any outstanding debts owed to the federal government, then it’s possible that the credit card debt collection company is breaking the law, in which case you should contact Social Security and possibly an attorney.
My statute of limitations expires in 6 weeks and 2 days. I received a small claims court notice giving me 14 days to respond. If my statute expires before my court date will the judge dismiss it or will the judge consider the date the plaintiff submitted the suit to the clerk?
Angie, according to Alamaba Civil Code, "Actions to recover money due by open or unliquidated account ... must be commenced within three years." "Action" is just another way to say lawsuit, and the commencement of a lawsuit is its filing. That, unfortunately, means as long as the plaintiff in your case filed suit with the court before the clock ran out, a trial would not be dismissed because of statute of limitation considerations. We recommend consulting a local attorney who can instruct you on how to proceed.
@GREGG - Missouri is actually a rather confusing state when it comes to statutes of limitations. It has a 10-year statue for written contract breaches that involve the payment of money as well as a 5-year statue for all other matters related to a breach of contract. The Supreme Court of Missouri clarified this issue in the 1997 case of Hughes Development Co. v. Omega Realty Co. As a result, the 10-year statute that what we have on the table above is correct for credit card payment disputes. With that being said, if the creditor is unable to produce a written contract, the statute of limitations would be 5 years, as you said.
Mike Jan. 31 2011
With all these foreclosures can a mortgage company chase you for money still owed from a short sale?
cmemo3 Feb. 1 2011
This looks like you are recommending NOT paying small amounts on a debt to help decrease the debt if you can't pay what is owed. If the statute of limitations is 6 years (as in Georgia), isn't the likelihood of lawsuit by the creditor higher if you make no payments?
goodnelly Feb. 4 2011
Excellent article! I think this chart will be extremely helpful for the consumers. A lot of consumers don’t know the statute of limitations period in their state. Well, I think they should know about it. It will help them to fight with their credit card debts. The reason is, if the SOL period on a credit card debt has expired, then the creditors can’t sue the consumers for it.
Odysseas Papadimitriou Feb. 7 2011
@Mike - short sales are done with the banks approval and therefore they can not come after you since they have already agreed to a reduced amount.
Odysseas Papadimitriou Feb. 7 2011
@cmemo3 - We recommend NOT paying small amounts unless those amounts are part of a mutually agreed payment plan that the customer can realistically afford. Otherwise the dent on the overall debt amount will be small and the statute of limitations longer.
Centerville Apr. 26 2011
How about if a creditor filed a case against me before SOL expiry (lets say one year from the last payment I made), but I was not there in the court. Now, SOL has expired. Can the creditor get his money back with this scenario? Thanks
Centerville Apr. 26 2011
If I live in, say, NY and the credit card grantor is based in CA for instance, which state the SOL will be considered? Thanks.
Centerville Apr. 26 2011
If the time I had the debt I was living in KY for instance, and before SOL expired I moved to another state. Which state's SOL will be considered? Thanks
Centerville Apr. 26 2011
If I make a payment on a debt that it's SOL expired, will this (payment) reset the SOL? Thanks
dawn Jun. 16 2011
if my last payment was june of 2008 and i recvd a summons to court 1st week in july...does this fall under time barred?. there has been no judgement made and it is 3 yrs from last payment i made?
Odysseas Papadimitriou Jul. 6 2011
@Centerville - lets try to address your questions: 1) How about if a creditor filed a case against me before SOL expiry (lets say one year from the last payment I made), but I was not there in the court. Now, SOL has expired. Can the creditor get his money back with this scenario? >> Yes they can 2) If I live in, say, NY and the credit card grantor is based in CA for instance, which state the SOL will be considered? >> NY 3) If the time I had the debt I was living in KY for instance, and before SOL expired I moved to another state. Which state’s SOL will be considered? >> This is tricky. The creditor can argue that the SOL rules of the state that you lived while you incurred the debt should be used. It will depend on the specifics and on the judge. 4) If I make a payment on a debt that it’s SOL expired, will this (payment) reset the SOL? >> Yes
Odysseas Papadimitriou Jul. 6 2011
@dawn - I assume the SOL in your state is 3 years and that is why you are asking this question. However, I also assume that your creditor filed his claim before the 3 years expired, even though your summons date is after the 3 years - right?
Dave Jul. 7 2011
Nice article, good advice, but your table is incorrect about the length of the statute of limitations in Louisiana, according to Statute 2-3494-4, the statute of limitations for credit card debt in Louisiana is 3 years, not 10. Might want to research the others as well.
Odysseas Papadimitriou Jul. 8 2011
@Dave - In most cases credit card agreements fall under the statute of limitations for written contracts which is 10 years for Louisiana. Is there any evidence that credit cards are held to the 3yr limit in Louisiana?
lisa Jul. 13 2011
Hi: My account was charged off by AMEX. It was sold to a collection agency. The collection agency is called me to make payment arrangements. My question is this: If I begin payments with the collection agency, is that going to help my case with AMEX. I mean, on my credit report, for the next 6 years (GA), it will show an AMEX charge off - correct? thanks
Odysseas Papadimitriou Jul. 14 2011
@lisa - Unfortunately, nothing will make the charge-off go away for the next 7 years after you charged-off.
Nancy Jul. 21 2011
I am being sued by DB Servicing Corp on behalf of Discover. The payments are at least 4 years in errrors and possibly even 5. I haven't found all of my old files yet to confirm last payment. My question is - what is the time-barred (*statue of limitations in Arkansas) for Credit Card (*Open end) accounts. Can I get this suit thrown out?
Joan Jul. 22 2011
I lived in CA and had a serious run of bad luck, major health problems etc. I defaulted on my credit cards while living in CA and made the last payment in CA 2006. I went to live in Wisconsin with relatives. Now, slowly getting back on my feet. Can the credit card companies still sue me since the SOL in CA in 4 years but in WI it is 6 years?
nematode Aug. 1 2011
Lost home to foreclosure, lost car, defaulted credit cards, creditors on the phone constantly menacing to take me to court. Lost employment in CA, benefits ran out. Creditors still call, I explained the situation, they could care less. One told me he had heard all those sorrow stories before, and that I was not going to get away with it. I heard him until he finished, then said good bye then. I wish I had their monies to pay them and shut them, but without a job, it is difficult.
james Aug. 20 2011
I went through a divorce in 2005 in Georgia and there was a good amount of credit card debt. My ex didn't pay it at all and I havn't heard a word about it. I have moved to a different state, is the limatations from the state you lived in when you got the credit card or where you live now? Thanks in advance.
jessica Aug. 21 2011
If a judgement was filed against me after my statute of limitions had expired, but I did not know my rights at the time and I was forced to make payments by court order and my bank account was garnished, do I have any rights now or is it too late? The judgement is still on my credit report as well, is there anyway to get it taken off?
HelpUnsure Aug. 28 2011
When does the SOL begin? If you are sued prior to the end of the SOL then when does it become effective...ie Date of judgement or date you were sent notification? If unsure and you request a verificatiion letter, does this affect any time frames?
xxlaloxx Sep. 22 2011
article extreamly helpfull..thx, im not worried any more..I will be able to sleep well tonight...thx again..
TJ Oct. 10 2011
Hi: My husband's account was charged off by AMEX back in 2001. It was recently sold to a collection agency who sent him a letter last week seeking payment saying no response means the debt is owed. The SOL in NJ is 6 years. Does he need to send the collection agency a letter citing expiration of the SOL or ignore the letter altogether? thanks
Odysseas Papadimitriou Oct. 20 2011
@TJ - The SOL starts from the date of last payment. Assuming your husband did not make a payment after 2001, I would recommend that he sends them a letter so that they stop bothering you.
Mark Oct. 28 2011
I made a payment to a collection agency after the StaTute of limitations had expired. Is there a way to reverse it or collect it back??? I also made the mistake of paying it before requesting a verification of debt. I had sent them a letter requesting a verification of debt and after 30 days I haven't received it. I've called them several times and they said they have mailed it. They're mailing it a second time. If it's been over 30 days, is the debt automatically dismissed?
Margo Nov. 18 2011
Can a collector have your wages garnished via your employer?
A.J.Lily Jan. 1 2012
I have 12 credit cards, been out of work 3yrs, I owe about 60k, live in N.Y. Don't remember the last payment for any of the cards. How can I find out when I sent payments to any of them. I want to take advantage of the SOL I have not sent any payments to anyone for at least 3yrs. I don't want to make any mistakes and reset the time. When an acct passes the SOL should I advise the creditors? I have 2 judgements but I don't own anything I am living on social security I am a veteran if that means anything. Please help me.
Nikita Jan. 12 2012
I have credit card debt that dates back to 2003. I live in Ohio and an attorney told me that this is beyond the statute of limitations in our state. Your table states 15. This is a debt-relief/bankruptcy attorney. Which is it?
Carolyn Jan. 21 2012
I'm wondering if all credit card debt shows up on a credit report? My husband has collection agencies calling for him but none of the debt shows up on his credit report. One is back in 2003.
Tami Jan. 29 2012
My husband has a credit card from 2003 and we lived in Michigan then. Now we live in South Carolina. We have been here for 6 years and the credit card hasn\'t been used in about 7 or 8 years or paid. A lawyer just contacted him and he acknowledged the debt but never made a payment. He just received the letter about the acknowledgement of the debt and a date to pay it for a settlement. Because of that acknowledgement over the phone does his statute of limitations start over?
tom Jan. 31 2012
a collector called and said they would send a 1099C to the IRS and say this is income for me,is this legal
Buckeye Feb. 2 2012
For Nikita..Ohio is 15 years, but...they need PROOF of the debt. Contact a NACA consumer rights attorney. Check the NACA website for one near you.
Hello Feb. 5 2012
I defaulted on several credit cards a few years back. My family relocated to Arkansas from Missouri in October 2011. Last payments on accounts were late 2008. Will Arkansas SOL take affect since they would now have to sue me here or Missouri since that\'s where I lived when the cards were taken out?
GREGG Feb. 13 2012
http://www.moga.mo.gov/statutes/c500-599/5160000120.htm The statute of limitations is 5 years in Missouri - NOT 10 as indicated.
Denise Feb. 18 2012
I have a credit card that was charged off in 2006. The debt was purchased by a collection agency in 2009. They have listed the date of the debt as 2009 on my credit report. Which date is correct for reporting purposes?