alabasterjar
Jul 13, 2007, 06:16 AM
When does the 3 year period for the debt statute of limitations on credit card debt begin, at last payment or when it is charged off? Thanks!
Lowtax4eva
Jul 13, 2007, 07:13 AM
On the date you last admitted the debt was yours I was always told, so therefore the date of your last payment or the date of your last missed payment.
Ex: If you agreed to pay something towards it last month it has only just begun. Or if the debt is 3 years old but you made a payment arrangement 2 years ago it has been 2 years.