 |
What is the statute of limitations on credit card debt in Texas? |
[Edit] |
Answer
Four years.
Answer
CC debts are generally considered open accounts. The Texas SOL for an open account is 4 years from the DLA. The SOL applies to litigation action only and does not mean the debt is no longer owed or collection procedures cannot be used. However, any repayment of said debt would have to be done voluntarily by the debtor, unless there are mitigating circumstances.
Please be advised, unethical agencies buy and attempt to collect on SOL expired accounts by the use of intimidation, deceit, and out-and-out threats, such as the debtor will be jailed, lose all their property, their employer,neighbors, family, etc. will be contacted, and so forth. All such tactics are illegal and should be reported to the justice division of the state attorney general in the state where the debtor resides. This also applies to those collectors who claim to be or actually are collection law firms/attorneys.
First answer by Macky. Last edit by Macky. Contributor trust: 3081 [recommend contributor]. Question popularity: 54 [recommend question]
|
Also see on Answers.com Research your answer: |
- Can a UK citizen who is married to an American citizen apply for permanent residency while they're residing in the UK?
- If someone drops their name from a car loan and it has been paid for over 1 year can the financing company repo it?
- Explain what fatal accident is all about copiously analyzing the legal position of a servant killed in the cause of his employment.?
Answers.com > Wiki Answers > Categories > Law and Legal Issues > What is the statute of limitations on credit card debt in Texas?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
