View Full Version : Statute of limitation on credit card debts
northerngentleman
Mar 12, 2007, 04:30 PM
What is the statute of limitation in ontario canada on dept. store credit card debts?
Tks northerngentleman
Lowtax4eva
Mar 12, 2007, 05:06 PM
I would think its 6 years like most debts, but they can still try and collect through collection agencies after this, they just can't sue
Justice Matters
Mar 12, 2007, 06:29 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.