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What is the statute of limitations on a credit card debt in California after being charged off and sold to a third party? |
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The SOL for open accounts such as credit cards is four years. This time limit applies to lawsuits only, not to how long a debt is valid. There are not laws pertaining to the time when collection for debt(s) cannot be pursued.
First answer by Macky. Last edit by Macky. Contributor trust: 3082 [recommend contributor]. Question popularity: 34 [recommend question]
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