Legal Question in Credit and Debt Law in New Jersey

Credit Cards

I would like to know, if an unpaid credit card bill is over 8-9 yrs old, there is no judgment, nor have I ever been served with a Summons & Complaint, does not appear on Credit reports, can a new Collection Firm still try to seek payment from me. The last date of activity on the card is over 8-9 yrs ago. Doesn't the statute of limitations come in now. Also, on a another credit card,which does show on credit reports,and there is also no judgment on, and another Firm purchased the account, last date of activity over 9 years ago. Should this be removed from my credit reports even though the statute is over, but credit agencies claim that last activity is the date that the new firm purchased. Thanks for your help. Mickalena


Asked on 3/20/04, 5:57 pm

1 Answer from Attorneys
Glen Chulsky Law Office of Glen H. Chulsky

Re: Credit Cards

The statute of limitations in which to bring suit on a credit card in NJ is 6 years from default. The creditor or collector can still attempt to collect on the debt however. If someone acquired the debt after default, then they are a debt collector and special laws apply, under the Fair Debt Collection Practices Act. The debt can be reported for up to 7 years on your credit report. If the debt was acquired by the collector after default then they have to use the original creditors info, otherwise they have reaged your account. This would also most likely be a violation of the Fair Credit Reporting Act. If you need additional info, feel free to contact me by e-mail or at 973-659-9045.

www.njconsumerfraudlawyers.com

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Answered on 3/20/04, 8:26 pm


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