Legal Question in Credit and Debt Law in California

Statue of Limitations

What is the statue of limitations for California for an attempt to collect a bad debt? My debt was incuured in 1995/1996 in the state of California. I currently reside in Missouri for school, but my state of legal reidence is Idaho.


Asked on 5/31/02, 11:54 am

1 Answer from Attorneys
Douglas A. Crowder Crowder Law Center

Re: Statue of Limitations

For a debt based on a written contract (which would include any credit card debt and any loan by an institutional lender), the statute of limitations is 4 years.

For a verbal contract, it is 2 years.

The statute starts running from the time of the last transaction, meaning the later of whenever the last money was lent or the last payment was made.

If you borrowed the money in California, the California statute of limitations would probably apply regardless of where you live now.

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Answered on 5/31/02, 2:28 pm


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