Legal Question in Credit and Debt Law in Illinois

statue of limitations on credit card debt

Received summons for credit card debt last paid on in 1996 is this considered an open account? Has the statue of limitations has run out for them to collect the debt?


Asked on 2/22/05, 4:34 pm

2 Answers from Attorneys
Thomas Moens Moens Law Offices, Chartered

Re: statue of limitations on credit card debt

It would appear the creditor considers it open. Generally, the statute of limitations on written agreements is ten years.

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Answered on 2/23/05, 8:28 am
Kevin Plachta The Law Office of Kevin F. Plachta

Re: statue of limitations on credit card debt

I would also like to point out that you should not ignore the summons. If you fail to appear in court then a default judgment will be entered against you. Once that happens then the creditor can file a wage deduction, place a lien on any property you own and garnish your bank accounts.

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Answered on 2/25/05, 9:31 pm


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