New Jersey 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.
7 years
Six years from the time of DLA.
I believe the statute starts to run from the date of last activity
Yes, there is a statute of limitations on credit card debt in New Hampshire. Generally, the statute of limitations for written contracts, which includes credit card agreements, is three years. This means that a creditor has three years from the date of the last payment or the date the debt became due to file a lawsuit to collect the debt. After that period, the debt may still exist, but the creditor cannot legally enforce it through the courts.
Use this link for the answer, http://www.canadianlawsite.ca/debt-collection.htm#u Hope that helps.
Is there a cost to find out the staue of limiations in years on credit card debt
4 years
7 years
The statute of limitations on credit card debt in South Dakota is six years. The company is allowed to aggressively pursue payment for that period of time.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Colorado is 3 years. That is measured from the last use or payment.
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is measured from the last use or payment.
three years.
Six years from the time of DLA.
What is the statue of limitations for credit card debt reporting
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Illinois is 5 years. That is measured from the last use or payment.
The statute of limitations is how long a collection agency can collect and sue or the debt. It makes no difference how much or how little the amount is. The only limitations are time.
I believe the statute starts to run from the date of last activity