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    yosemite sam's Avatar
    yosemite sam Posts: 1, Reputation: 1
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    #1

    Apr 4, 2009, 06:37 PM
    Statute of limitations Illinois credit card
    What is the statute of limitations for a credit card debt in Illinois
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    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's Avatar
    this8384 Posts: 4,564, Reputation: 485
    Ultra Member
    		  
    #3

    Apr 6, 2009, 12:08 PM

    Wrong, exy. It's 5 years
    Statute of Limitations - Open accounts for debt collection
    But right about the whole "never expires" bit :)
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