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For example, Massachusetts, Connecticut, Maine, and Vermont have six-year statute of limitations for credit card debt, while neighboring New Hampshire’s is just three years. Here is a chart showing the statute of limitations for all 50 states, plus Washington, D.C.
What Is a Statute of Limitations on Debt? The statute of limitations on debt collection is the amount of time a bill collector has to file a lawsuit against someone...
All consumer debts, from credit card balances to medical bills, have limits on the number of years creditors have a legal right to sue you for payment. Generally, state law where you live...
Knowing what the statute of limitations for the state you live in and the state whose laws apply to your specific card issuer’s cardholder agreements can help you better understand your consumer rights when it comes to credit card debt.
The statute of limitations is the period of time when a creditor or debt collector can file a lawsuit against you to recoup the money you owe. This...
Various timeframes are important to debt, but one of the most significant is its Statute of Limitations (SOL). This is essentially the time during which a lawsuit is legally relevant. Before the statute of limitations expires, you can be successfully sued for amounts owed.
What Is a Statute of Limitations on Debt? The statute of limitations in the case of debt refers to how long the creditor or collector has to take legal action against you. The creditor can’t file a valid lawsuit outside of the statute of limitations.