Legal Question in Credit and Debt Law in Michigan
Credit Card Dept
I had a Dept Store credit card in 1995 and I havent paid in 10 years, it was on my credit report forever and now it is gone it used to say charge off. I am trying to buy a house and have paid some exisiting medical collections and now they are calling again to collect. What is my legal situation on repayment.
Asked on 9/05/07, 5:48 pm
1 Answer from Attorneys
Renee Walsh
LawRefs Nonprofit
Re: Credit Card Dept
It sounds as if the statute of limitations has run depending on when the account was closed and whether you had a judgment against you. The statute of limitations is 6 years for breach of contract which is what you did when you ceased payment. You might consider denying the debt in writing.
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Answered on 9/05/07, 6:41 pm
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