Is there a statute of limitations or an expiration of outstanding credit card debts? 19 Answers as of May 17, 2011

Is there a statute of limitations or an expiration of outstanding credit card debts? What are my options if not?

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Law Offices of Michael J. Berger
Law Offices of Michael J. Berger | Michael J. Berger
In California, the statute of limitations for breach of a written contract is 4 years. Different credit cards are governed by the laws of different states. If you are sued, you or your attorney should check out the statute of limitations that applies as set forth in your credit card agreement and then determine how long it has been since your last payment on the credit card in question. The statute of limitations is an affirmative defense that you should raise if and when you are sued. It does not prevent collectors from calling you and writing to you to try to collect old debts on which the statute of limitations has already run.
Answer Applies to: California
Replied: 5/17/2011
Mercado & Hartung, PLLC
Mercado & Hartung, PLLC | Christopher J. Mercado
In WA, the statute of limitations on collecting a credit card debt is 3 years on an oral contract and 6 years on a written contract. The date is measured from the last payment date, or the date of the application.
Answer Applies to: Washington
Replied: 5/16/2011
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Every state has a statute of limitations. It varies from state to state. You will have to check with someone in your state to find out what is where you live.
Answer Applies to: California
Replied: 5/16/2011
Bankruptcy Law Office of Robert Weed
Bankruptcy Law Office of Robert Weed | Robert Weed
Yes there's a statute of limitations on credit card debts. How long it is depends on the state law where you live, and maybe also on what you agreed to when you signed up for the credit card.
Answer Applies to: Virginia
Replied: 5/16/2011
Carballo Law Offices
Carballo Law Offices | Tony E. Carballo
The statute of limitations on written contracts, such as credit card debt, is four years.
Answer Applies to: California
Replied: 5/16/2011
    Saedi Law Group
    Saedi Law Group | Lorena Saedi
    The statute of limitations for collecting a debt is the period of time that a creditor can use the court to force you to pay for a debt. The time period starts on the account's last date of activity and varies by state. The statute of limitations starts on the last date of activity on the account. Even if the SOL has expired, some unsavory debt collectors will continue to attempt to collect. Anytime you take an action on an account, the SOL is restarted. Making a payment, making a promise of payment, entering a payment agreement, or making a charge using the account can restart the SOL on an account. When the clock restarts, it restarts at zero, no matter how much time had elapsed before the activity.
    Answer Applies to: Georgia
    Replied: 5/16/2011
    Law Offices of Alexzander C. J. Adams, P.C.
    Law Offices of Alexzander C. J. Adams, P.C. | Alexzander Adams
    In Oregon, it is 6 years, but there may be choice of law questions that reduce that. Bankruptcy or settlement are options for delinquent credit account. I'd suggest getting in touch with a lawyer who handles these matters to discuss further.
    Answer Applies to: Oregon
    Replied: 5/16/2011
    Indianapolis Bankruptcy Law Office of Eric C. Lewis
    Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
    The statute of limitations for credit card debts depends on the law of the state in which you live. Bankruptcy may also be a solution if the limitation has not run and you are being harassed, sued, garnished, etc.
    Answer Applies to: Indiana
    Replied: 5/16/2011
    Greifendorff Law Offices, PC
    Greifendorff Law Offices, PC | Christine Wilton
    Yes, there is a statute of limitations on debt collection. It varies by state. In California it ranges from 4-10 years depending upon whether the creditor has a judgment against you. Bankruptcy is another option to permanently eliminate your legal obligation to pay those debts.
    Answer Applies to: California
    Replied: 5/16/2011
    The Law Office of Mark J. Markus
    The Law Office of Mark J. Markus | Mark Markus
    There is a statute of limitations for filing suit on any contract, of which credit cards are included. That is governed by state law. Which state's law applies depends on the terms of the cardholder agreement.
    Answer Applies to: California
    Replied: 5/13/2011
    Symmes Law Group, PLLC
    Symmes Law Group, PLLC | Richard James Symmes
    There is a statute of limitation on credit card debt which I believe is 6 years in Washington state. If you want to explore other options, bankruptcy and debt settlement could be an option for your. Please let me know if I can be of assistance.
    Answer Applies to: Washington
    Replied: 5/13/2011
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