Legal Question in Credit and Debt Law in Illinois

Credit Card Debt

My mother-in-law just went to court over an old credit card debt. The judge sat there and said that the statute of limitations was 10 years, but I have been researching and EVERYTHING I see says that it's 5 years for open accounts and that Credit Cards are ALWAYS Open Accounts.


Asked on 5/19/08, 4:30 pm

1 Answer from Attorneys

Joseph Michelotti Michelotti & Associates, Ltd.

Re: Credit Card Debt

You are reading the wrong information. Try a law library rather than the internet, or better yet pay a lawyer for a legal opinion.

Check out 735 ILCS 13-206...10 years

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Answered on 5/19/08, 4:35 pm


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