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    cactus1's Avatar
    cactus1 Posts: 1, Reputation: 1
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    #1

    Jun 4, 2008, 05:10 PM
    Credit card collection limtations
    What is the statute of limitations for credit card collection in ontario? How about lines of credit in two peoples names?
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #2

    Jun 4, 2008, 05:14 PM
    I looked up the Statute of Limitations act in Ontario.It states that after Jan 01 2004 the Statute of Limitations on debt in Ontario changed from 6 years to two years, from the last day the debt was acknowledged.

    If the debt was incurred prior to the change, I believe the 6 years would still apply. If it was incurred after the change, then I believe the 2 years would be accurate.

    You may want to check with an attorney in your area for certain verification.
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