what is the statute of limitations on credit cards bills not paid?

Answer 1

The Statute of Limitation (SOL) on varies from as little as 3 years to as many as 15 depending on the State you live in. In most States the SOL on open accounts is 6 years. Check the link below,
http://www.cardreport.com/laws/statute-of-limitation
Credit card accouts are alwayts open accounts.

Answer 2

The Statute of Limitations to bring an action for collection of a credit card can vary from state to state. In Missouri, where I practice, the statute is ten years for a written contract promising the payment of money (that doesn't necessarily mean a signature) and five years for other actions normal in debt collection (such as a suit on account). In Arkansas, I believe it is 5 and 3 for the above.

If you are still within your states Statute of Limitations, I would suggest taking some personal responsibility and either set up a payment plan or make a reasonable lump-sum offer.

Answer 3

theres no statute of limitations on COLLECTING the debt, but there is on how long a company can take you to court. About 7 years

Answer 4

I thought statute of limitations was for criminal activity ?
Are these fraudulently obtained cards ?

If you are referring to how long they stay on the credit report ,
It is usually 7 years from the date of last activity / payment / use .

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Answer 5

Far as I am aware, there is no statute of limitations on a contract, which is what a debt is. So if you are thinking of laying low for a couple of years or so, I think you're out of luck. You owe it, they find ya, you'll pay.

Answer 6

There is no "statute of limitations" on debt. Either you owe the money or you don't. If you do pay it.