Find your state's statute of
limitations on credit card debt here.
See related: 9 tips for jobseekers with bad credit, 10 things you must know about credit reports and scores, Video: The basics of debt settlement, Dealing with tactics of bad debt collectors, 5 federal laws that protect cardholders, Statutes of
limitations on credit card debt across the nation, Tips for dealing wtih collection agencies, Attention: Terms are changing
Technically, since credit card debt is an open - ended account — the statute of
limitations on credit card debt in Florida is only four years.
Here is what you need to know about the statute of
limitations on credit card debt and how it protects you.
The statute of
limitations on credit card debt starts when you fail to make your last payment.
Not exact matches
Now, according to a December 31 Wall Street Journal article, always creative
debt collectors are teaming with MasterCard
on a
credit card solicitation specifically designed to induce debtors to re-set to zero the statute of
limitations clock
on an old
debt.
State statutes of
limitation on debt collection apply to open ended contracts such as
credit cards and store
credit accounts and contracts for sale under the Uniform Commercial Code (UCC).