What is the statute of limitations on credit card debt?

Creditors have a limited time in which to file suit over unpaid credit card debt. Here are the statutes of limitation for all 50 states and Washington, D. read more

The statute of limitations on debt is a rule limiting how long a creditor can sue you for payment on a debt. All consumer debts, from credit card balances to medical bills, have limits on the number of years creditors have a legal right to sue you for payment. read more

American Express) that the statute of limitations on an unpaid credit card debt was six years. The Georgia code sets the limit on open-ended accounts at four years, but the appeals court applied the law for written contracts to card debt in this case. read more

Add the number of years of the statute of limitations in your state. For Example: You last stopped paying on a credit card on January 15, 2015. The company sent you a demand letter for the full amount on July 15, 2015. The statute of limitations for credit cards (usually regarded as open accounts) in your state is 6 years. read more