Legal Question in Credit and Debt Law in Illinois
what is statute of limitation on a credit card?
what is statute of limitation a credit card?
Asked on 1/22/09, 10:39 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Re: what is statute of limitation on a credit card?
The statute of limitations for a written instrument is ten years, and for credit cards is usually considered to begin on the first date you default on a payment.
Answered on 1/26/09, 4:44 pm
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