Does any one know the statute of limitation on credit cards in missouri?

Question

Please include source

how old of a credit card debt can you be sued for in court

Answer 1

5 Years Open Acct.: Oral Contracts; §516.120

§516.120. Within five years:

(1) All actions upon contracts, obligations or liabilities, express or implied, except those mentioned in section 516.110, and except upon judgments or decrees of a court of record, and except where a different time is herein limited;

If it is a store card, 4 years.

Answer 2

I don't understand your question. There is no statute of limitations on credit cards. A "statute of limitations" refers to how much time can elapse before you can no longer be charged with a crime.

Credit card debt is not criminal (although it OUGHT to be), and there is no such statute of limitations.

If you fail to pay as agreed, the credit card company may report you to the credit bureau, and I suspect this is what you're asking about. The information remains on your credit report for seven years from the last date any information is reported to the credit bureau.

Just because the information is no longer in your credit report, though, does not relieve you of your obligation to pay it. At any time, the creditor could sue you, obtain a judgment against you, and begin garnishing your wages...even if the information no longer appears on your credit report.

Answer 3

Unless you have filed for bankruptcy protection, and that particular debt is covered by the bankruptcy proceedings, you can be sued for a past debt at any time. The older the debt is, the harder the creditor's lawsuit may be to prove, but that's irrelevant.

Thats under Federal, California and Colorado laws. Missouri may be different, but I doubt it.

Answer 4

You mean for paying what you owe? I doubt there is one.