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
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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
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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