statute of limitations in WI credit card collection?

Question

origional company sold the account does this start the statute of limitations over for whoever bought the account.

Answer 1

Sheesh, guess George didn't even have to say he was in the business since that answer has collector prints all over it.

Yes there is a SOL for collections in all states.
The collecting SOL does not start over whenever the account is sold, or if the collector sends a notice, no matter what state a person lives in.

In WI the SOL is 6 years.

893.43 Action on contract.

An action upon any contract, obligation or liability, express or implied, including an action to recover fees for professional services, except those mentioned in s. 893.40, shall be commenced within 6 years after the cause of action accrues or be barred.

If you are past the collecting SOL it would be illegal for them to file a law suit.

Answer 2

There isn't any statute of limitations on credit cards, as long as the keep it active by posting notices to you, or send you to small claims court. Each state has a maximum of how much can be claimed from you. They can claim just what they want to and then continue with another claim on what you still owe them for that period. If you are working, the will attach your pay check and so much will be subtracted from it until paid in full. Don't let this happen. You will lose your credit worth and will not be able to purchase anything else again and your name will be on every credit companies record. A few things can be purchased, but very little. You should talk to the and see if you can work something out. If they never hear from you, they really get pissed off and it will hurt you.
Good luck,
George

Answer 3

one project: they're going to say they're legal professionals yet who's conscious of in the adventure that they truly are. I es interior an identical problem and replaced into threatened with all sorts of civil proceedings and liens and all that. All hence for d 500 dollar to blame playing cards charges notwithstanding it wasn't my debt. i tried telling them this and they instructed me to easily pay it and then flow after the extremely individual egos debt it replaced into. At that factor I ceased communique with them abbd no longer some thing dame if it. i ought to genuinely dispute your bill by ability of eeuifax, transunion, and equifax. even notwithstanding its your dwbt, truly some the time it really is going to value them additional funds to look at no matter if it is your debt, they're going to easily sparkling it out of your record. Godspeed.