Answer #1: 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.
Answer #2: If you kept your statements showing the date you made your last payment and the date you were delinquent, you can prove that the statute of limitations has expired. If the debt collector files a lawsuit against you, you can take your credit statements before a local judge and have the matter easily settled in your favor. Third-party debt collectors that have purchased your account are subject to the "cease and desist" provision of the Fair Debt Collection Practices Act. You can send them a letter telling them to stop contacting you, and by law they have to stop. You should check your local county court website and search your name to see if any lawsuits have been filed against you in the past. Chances are, if it's been four years or more, anything filed against you has long since been dismissed and purged from court records.
I believe the statute starts to run from the date of last activity
7 years
Six years from the time of DLA.
No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.
There is a three statute of limitation for the state and the localities in Ohio. They can not press collections, nor can they refund money are the statute of limitations has passed. If money was paid to the wrong locality and it is discovered at the statute of limitations has passed, the correct city must allow a credit for the amount paid to the original locality.
I believe the statute starts to run from the date of last activity
These are going to be written agreements. As that, it is 4 years in California.
I don't know that there really is a limit for an actual judgement. You've had the notice and there are no longer any surprises. Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in California is 4 years. That is from the last use or payment. My best advice is to consult an attorney in California.
http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
The statute of limitations for debts reported on your credit report is 7 1/2 years.
These are normally classified as a written agreement. In California that means the limit will be four years from the last acknowledgement of the debt.
Im not sure but I think it is 6 years????
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Colorado is 3 years. That is measured from the last use or payment.
one year
Statute of limitations apply to bringing law suits for civil or criminal charges. Reporting of debts on a credit statement is normally limited to 7 years.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Delaware it is 4 years. That would be from the last use or payment.
4 years