Legal Question in Credit and Debt Law in Georgia

Yes,, but it's pretty useless information for most people since many loan agreements and almost all credit card agreements state they are governed under the laws of another state.

No, but there is a statuTe of limitations in every state.

Yes, of course there is. The statute is 4 or 6 years (OCGA �� 9-3-24 - 9-3-26 if there is a contract. Credit cards are open accounts and subjectt o the shorter period. Of course, if you opened the account in another state, that foreign state's statute of limitations may apply. Ohio, for example has a 20 year statute.

The statute begins to run as of the date that you first defaulted on the account. If you make a payment after the statute hs expired, you will renew the statute, so do not make any payments to show your "good faith" or whatever excuse the collectors give you.

If you have questions about the debt and what to do about it, I can help. Please feel free to contact me as I am admitted in Georgia.

Rachel Hunter

Attorney at Law

[email protected]

(678)-687-9693