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I assume you are referring to the SOL, although the 5 years doesn't sound quite correct. Nevertheless, the "time" starts from the time the account becomes delinquent. Some states see that as being six months after no payment has been made. Check the statutes for the state you reside in.
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Can I get an out-of-court settlement on my credit card?
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
Can you get a credit card with no job and no checking or savings account and if so where do you look?
Start with a department store card. If you can't get that start with a "secured" credit card. It will build credit and allow you to apply for a regular credit card down the road.
What card starts 5268?
what credit card start with 5268
What is the state statue of limatation for collection a charged of credit card in the state of Delaware?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Delaware it is 4 years. That would be from the last use or payment.
Credit card laws in Pennsylvania?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Pennsylvania is 4 years. That is usually from the last use or payment.
What is the sol in Tennessee for a credit card debt?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
Colorado statute of limitations credit card?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Colorado is 3 years. That is measured from the last use or payment.
What are the stature of limitions on credit card debt in Tennessee?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
What is the statute of limitation on credit card debt inFlorida?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is measured from the last use or payment.
Is there a Statute of Limitations for Credit card debts in Kentucky?
Debt collection in Kentucky is the longest time frame. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
Can I get credit cards after bankruptcy?
It is possible to recover from a bankruptcy. You should start by getting a secured credit card to rebuild credit. After about seven years you should be able to find a standard credit card that will allow you to get a card.
What is the statute of limitation for ex spouses credit card debt in Illinois?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Illinois is 5 years. That is measured from the last use or payment.
What are the state limitation in va for credit card collection?
Credit cards are considered Open Ended accounts. In Virginia, they have three years to collect or bring suit.
When did credit card protection start?
credit card condoms
What is the SOL on credit cards in Michigan?
Normal debt including Credit Cards will be 6 years in Michigan. That is from the last communication or acknowledgment of the debt. It can easily start running again through a phone call or letter with a receipt.
