2012年8月27日月曜日

Q&A: I heard there was statute of limitations law for credit card debts?

Question by EyeRite: I heard there was statute of limitations law for credit card debts?
how can i find out about this
also what happens after it runs out?
your credit score goes down?


Best answer:
Answer by Steve DTo find the SoL for debts in your state, call the state's Attorney General. There are actually two dates - the first is when the creditor can no longer sue for a court order. The second is when teh debt legally expires and you no longer have to pay.

Regardless of the SoL,

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