Legal Question in Credit and Debt Law in Georgia
Georgia Statute of Limitations on open credit card debt
I moved to Georgia in 2001 and have a credit card debt from 2000. The credit bureau lists it as an open account type. Is the statute of limitations 4 years or 6 years on credit card debt in the state of Georgia and does the amount of time in residence in Georgia play any part in it (like the Florida tolling provisions). In other words, would I have to be a Georgia resident for 4 or 6 years for the SOL to apply to me.
1 Answer from Attorneys
Re: Georgia Statute of Limitations on open credit card debt
All actions upon open account, or for the breach of any contract not under the hand of the party sought to be charged, or upon any implied promise or undertaking shall be brought within four years after the right of action accrues. With regard to tolling, I don't believe the statute of limitations would begin to run in Georgia until you became a resident of Georgia.
If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Glenn M. Lyon, Esq
MacGregor Lyon, LLC
Promenade II
1230 Peachtree Street NE
Suite 1900
Atlanta Georgia 30309
Phone 404.942.3545
Fax 404.795.0993
www.macgregorlyon.com
Confidentiality Notice
This message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of the message.