Legal Question in Credit and Debt Law in Iowa
Can a credit card company collect on a debt from over 7 year's ago?
Asked on 12/11/13, 5:27 pm
1 Answer from Attorneys
Robert Luedeman
solo practitioner
If any payments have been made in that period if can revive the debt. But if no payments or promises to pay have been made you may be able to assert a statute of limitations defense. Here is a great link.
http://www.desmoineslawoffice.com/law-articles/files/five-year-statute-of-limitations-credit-cards.php
Answered on 12/15/13, 9:59 am