Ask Experts Questions for FREE Help !
Ask
    quietman0506's Avatar
    quietman0506 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 2, 2007, 07:09 AM
    Credit Card Debt
    I live in PA a collection agency called stating that they are filing a civil suit pertaining to a credit card debt from 1993, is this vaid?
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
    		  
    #2

    Nov 2, 2007, 09:37 AM
    To not speak to them on the phone, tell tell to put it in writing, dispute the alleged debt, when you receive any from them.

    Most likely the SOL has expire so they will lose if they take you to court.

    Never speak to them again on the phone, they are trained to trick you.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Nov 2, 2007, 09:40 AM
    Why wouldn't it be valid? Did you incur the debt? When was the last activity. Its possible that the Statute of Limitations has expired if the account has been dormant for a long time (usually 4-6 years). If so, then they cannot sue you. But that doesn't mean the debt isn't valid nor does it mean they can't dun you for the money.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #4

    Nov 4, 2007, 10:09 AM
    Pennsylvania Statute of Limitations

    Contracts: 4 years, (used to be six).

    Contracts under seal: 20 years.

    Sale of goods under UCC: 4 years.

    Negotiable instruments: 6 years (13 PA C.S.A. . §3118).
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Is credit card debt open account debt or a written agreement debt? [ 16 Answers ]

I am currently fighting a credit card debt action filed against me by Unifund. The issue is whether credit card debt is open account debt subject to 3 year SOL in the State of Washington or a written agreement debt subject to 6 years. I asked the same question on another forum and received an...

FICO Credit Score: Maintain a 50% debt to credit-limit ratio on _each_ card? [ 1 Answers ]

I have been advised that I should transfer part of a balance of one credit card to another card in order to maintain 50% debt to credit limit ratio on _each_ card even though my _total_ debt to credit limit ratio is already below 50%. (Most of the debt is on one card for convenience.) I could...

Credit card debt [ 7 Answers ]

What is the statute of limitations on a credit card bill?

Old credit card debt [ 5 Answers ]

I am scheduled for a hearing in local court concerning 2 credit accounts march 27(tomorrow). I filed my notice for intent to defend with the court last week and the lawyer suing me called last Friday and also sent correspondence stating that we could work this out to avoid court. Now I do not know...

Credit Card Debt [ 4 Answers ]

My Mother is 85 and in poor health. She has about $30,000.00 in credit card debt. Due to increased medical bills, perscriptions and her mobil home rent increase she is not able to pay these bills. She has no assets, and her only income is her SS monthly check. Several credit card companies have...

View more questions Search