Legal Question in Credit and Debt Law in California

I defaulted on a loan in Los Angeles California. I signed the promissory note in 1/2009 and stopped paying shortly after. It is now November 2013. I am now getting collection notices for the first time for it. What is the statue of limitations, can they sue me?


Asked on 11/11/13, 12:04 pm

1 Answer from Attorneys
Carl Starrett Law Offices of Carl H. Starrett II

An action for breach of written contract must be filed within 4 years of the breach. In the case of a promissory note, it would be 4 years from date of the oldest missed payment.

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Answered on 11/11/13, 12:18 pm


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