What is the statute of limitation on credit card debt? The statute of limitation limits the amount of time that a creditor is allowed to collect from you. In most states it is a period of 7 years that a creditor has to collect repayment from you. If the collection account is off of your credit report and the statute of limitation has been full filled, you should be home free. I recommend that you seek legal advice in your state to find out what the rules are. I would also recommend speaking with a lawyer regarding debt settlement and collection law.
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Showing posts with label What is the statute of limitation on credit card debt. Show all posts
Showing posts with label What is the statute of limitation on credit card debt. Show all posts
Wednesday, July 2, 2008
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