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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 Com. http://www.cardreport.com, credit cards are considered "open accounts".

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18y ago
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15y ago

They are written contracts, so 15 years from the date of the "write off" or the date of the last activity on the account, whichever is earlier. "last activity" includes promises to pay, or partial payments made. That resets the clock. Look on credit report to see when the account was "charged" off or "written" off or the date of the last "activity" on the account. It's 15 years from the earlier of those dates.

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13y ago

Ohio has set the statute of limitations for an open ended account at 6 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.

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12y ago

An SOL for debt only applies to the time in which the lender can legally sue the borrower/debtor.

A valid judgment lien against real property in the State of New York is valid for ten (10)years and in some instances can be renewed.

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13y ago

Ohio has set the statute of limitations at 6 years. A credit card is an open ended account. That will be from the last communications from the debtor. Please note that the credit card may be based on a different jurisdiction which could be longer! Check your agreement for the applicable jurisdiction.

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13y ago

A credit card is an open ended account. New York has set the statute of limitations at 6 years. That will be from the last communications from the debtor. Please note that the credit card may be based on a different jurisdiction which could be longer! Check your agreement for the applicable jurisdiction.

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18y ago

Both states have six year SOL's pertaining to open accounts (credit cards).

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Q: What is Ohio statute of limitations on credit card debt?
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