Topic: Statute of Limitations on Credit Cards
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Answers to Common Questions
What Is the Statute of Limitations for Credit Card Debt?
With the exception of debts you owe to the government, all debts have a legal statute of limitations for collection. This protects you from old, unpaid credit card debt haunting you forever. Debts that are no longer within the statute of li... Read More »
Source: http://www.ehow.com/facts_5728508_statute-limitations-credit-card...
What Is the Statute of Limitations on Credit Card Debt in Florida...
The statute of limitations gives a time limit defined by statute (Florida Statutes §95.11) for credit card companies to collect active credit card debt. According to Fair-debt-collection.com, this time limit bars credit card companies from ... Read More »
Source: http://www.ehow.com/about_6130195_statute-credit-card-debt-florid...
What Is Statute of Limitations for Ohio Credit Card Debt?
A statute of limitations for the cancellation of credit card debt exists in every state. In Ohio, this time period can span from six to 15 years. The State of Ohio Statute 2305.07 sets a six-year limit on "open ended" accounts. Statute 2305... Read More »
Source: http://www.ehow.com/about_6136504_statute-ohio-credit-card-debt_....
More Common Questions
Answers to Other Common Questions
The statute of limitations is a legal concept that acts as a bar to bringing a civil action after the expiration of a specified period of time. Each legal cause of action has a specific limitations period established by state statute. Once ...
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Source: http://www.ehow.com/about_6201077_statute-credit-card-debt-kentuc...
The Fair Debt Collection and Practices Act governs consumer credit card debt and provides guidelines for collection that protect the individual. State laws dictate the statute of limitations on legally collecting credit card debt based on t...
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Source: http://www.ehow.com/about_7290710_statute-credit-card-debt-georgi...
Ceasing payments on credit cards is risky, but it can be necessary for maintaining financial health during an extended period of unemployment or some other financial catastrophe. Credit card debt is unsecured, which means that creditors mus...
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Source: http://www.ehow.com/how_6802932_stop-credit-cards-statute-limitat...
Statute of limitations is a statute in common law that establishes the maximum time after an event that a legal proceeding based on that event may be initiated. In the State of Washington, the statute of limitations on credit card debt is t...
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Source: http://www.ehow.com/about_6292356_statute-credit-card-debt-washin...
1 Educate yourself on your state's time horizon. See the link below for an interactive map with details for each state. The amount of time granted varies widely. As an example, Louisiana's time limit is 3 years but the time imposed on Illin...
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Source: http://www.ehow.com/how_4880113_of-limitations-credit-card-debt.h...
Answer SOL's are established in accordance with state laws. Therefore the time limit and the application of an SOL will differ from state-to-state. A listing of state SOL's pertaining to various types of debts can be found at Card Report Co...
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Source: http://wiki.answers.com/Q/What_is_the_statute_of_limitations_on_c...
To protect individuals from unfair court proceedings, Indiana has a statute of limitations in place on the timeliness of filing a lawsuit. For most individuals, the statute of limitations is pertinent when it comes to debts owed. Credit car...
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Source: http://www.ehow.com/about_6299411_statute-credit-card-debt-indian...
