credit card debt statute of limitations arizona
Coast To Coast AM – 27.5.2011 – 1/4 – Student Loan Scam
How are the statute of limitations determined for credit card default?
I currently live in Kansas. The statute of limitations for unpaid credit card debt ‘open accounts’ is 3 years. I lived in Texas and Arizona when the credit cards were opened. How do I determine the statute of limitations for this debt? Is it based on current residency or past residency?
Fair Credit Reporting Act says that derogatory accounts will show for 7-years from the date of first delinquency.
Statute of limitations varies from State to State and by what type of debt you are talking about.
This is the legal time that people can sue in court and get a judgment. Once the S.O.L. has passed you can still be sued but all you have to do is show the court that the S.O.L. has expired and the case will be dismissed.
I have posted a link so you can look up your State:
http://www.bcsalliance.com/index.html
There is no time limit on how long people can attempt to get you to pay. Never admit that a debt is yours and never pay a dime on one that is past the S.O.L. because this will restart the S.O.L.