Statutes of Limitation on Credit Card Debt Varies from State to State
CreditCards.com reporter Fred Williams has posted an informative report on the statute of limitations that apply to credit card debts. To determine how long a credit card issuer can file suit, a consumer has to figure out which state’s law applies, how long the statute is in that state, and figure out when the statute began to run on the debt. Each of our 50 states has different laws that apply. In California the statute of limitations is 4 years. Generally, the statute begins to run when the debt first becomes delinquent. The reporter found that some 17 states have...
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