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    gnanadragon's Avatar
    gnanadragon Posts: 4, Reputation: 1
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    #1

    Apr 24, 2007, 12:16 PM
    Credit card debt
    What is the statute of limitations on a credit card bill?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Apr 24, 2007, 12:17 PM
    It will vary by where you live, ( what county, and if in the US what state)
    gnanadragon's Avatar
    gnanadragon Posts: 4, Reputation: 1
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    #3

    Apr 24, 2007, 12:25 PM
    Cook county Georgia
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Apr 24, 2007, 12:39 PM
    Its 4 years from the date of last activity. This is the period in which the creditor has to file suit. The debt itself doesn't expire.
    gnanadragon's Avatar
    gnanadragon Posts: 4, Reputation: 1
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    #5

    Apr 25, 2007, 05:54 AM
    I have gotten a summons to go to court. I was told I have 30 days to reply or they will get a judgement. How can they do this if this card hasn't been used in 7 years.
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
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    #6

    Apr 25, 2007, 05:57 AM
    File notice of Intend to defend and go that day to court. Tell the court that the SOL has pass and request dismissal based on those facts.
    gnanadragon's Avatar
    gnanadragon Posts: 4, Reputation: 1
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    #7

    Apr 25, 2007, 06:00 AM
    What is COL?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #8

    Apr 25, 2007, 06:29 AM
    SOL not COL. Statute of Limitations.

    They hope you won't respond and they can get a default judgement so they can go after your assets. So you do a Yet said. You file a Notice to Defend. If the SOL has truly passed, then the case will be dismissed.

    BUT, as I pointed out earlier, the debt itself doesn't expire. They can still dun you for the amount owed, they just can't sue you. You DID borrow the money and you DID promise to pay it back.
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