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    steve55's Avatar
    steve55 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Dec 22, 2006, 06:10 PM
    Credit card s.o.l. begins when ?
    Does the credit card statute of limitations begin running from the last payment made or from the right off date.opinions seem to differ and I can't find any law or statue to clarify this.

    Help,
    steve55
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Dec 22, 2006, 06:18 PM
    I guess technically it would be how the statue is worded, plus case law.

    For example:

    In Ontario, they have two years to sue from when they first notice you are in default.

    So if you miss a payment, they know you are in default and the 2 years period should start from there.
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