About WA SOL?

Question

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.

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

Answer 1

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