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I noticed, it was posted, that Washington credit card's SOL for collection is 6 years. I thought it was 3 years. I looked online and found 5 credit and legal websites that show open accounts(no end blanance until account is cancelled) in WA are colllectible for 3 years and written accounts(such as loans with an end) have a 6 year collection SOL.

I also read that the Truth in Leading Act states all credit cards in the US are open accounts.

So, is WA SOL for pen accounts/credit cards 3 years, or 6 years. I am not sure.

2007-05-12 18:15:56 · 1 answers · asked by mswonderrfull 1 in Business & Finance Credit

Research of WA Law shows it is 3 years. thanks for your help.

2007-05-14 21:56:21 · update #1

1 answers

It is 3 years in WA.

Rather than post all of the relevant statutes that place credit cards as open accounts (it is fairly lengthy), you might check out the following link
http://whychat.5u.com/States/state-wa.html

2007-05-12 18:45:16 · answer #1 · answered by echo 7 · 0 0

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