yosemite sam
Apr 4, 2009, 06:37 PM
What is the statute of limitations for a credit card debt in Illinois
excon
Apr 5, 2009, 07:13 AM
Hello sam:
It's probably three years. That would be the time limit they have for sueing you. The debt, however, never expires and they can try to collect forever, short of filing a lawsuit.
excon
this8384
Apr 6, 2009, 12:08 PM
Wrong, exy. It's 5 years
Statute of Limitations - Open accounts for debt collection (http://www.statuteoflimitations.net/debt_collection.html)
But right about the whole "never expires" bit :)