statute of limitation on credit card debts

northerngentleman · #1 Mar 12, 2007, 03:30 PM

What is the statute of limitation in ontario canada on dept. store credit card debts?

tks northerngentleman

Lowtax4eva · Mar 12, 2007, 04:06 PM

I would think its 6 years like most debts, but they can still try and collect through collection agencies after this, they just cant sue

Justice Matters · Mar 12, 2007, 05:29 PM

Ontario's Limitation's Act was amended as of January 1, 2004.

The limitation period for most causes of action before this date is 6 years.

The limitation period for most causes of action after this date is 2 years.

Incidentally, and unknown to most people, there are some novel defences that can be asserted on your behalf if you are sued by a credit card company in the Ontario Small Claims Court.



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