Legal Question in Credit and Debt Law in New York

credit card debt

i opened a credit card in 1998 & last paid in 2/02 am i still responsible?


Asked on 11/24/08, 7:11 pm

1 Answer from Attorneys
Frank Loscalzo Law Office of Frank Loscalzo

Re: credit card debt

The time for bringing a lawsuit on the credit card debt is 6 years from default.

This is called the statute of limitations (SOL).

In your case it appears the SOL has passed, and therefore your creditor cannot get a judgment in court against you. You still owe the money, they just cannot force you to pay.

If you are having problems with this, or any other creditor, or if you have any questions send me an email to [email protected].

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Answered on 11/25/08, 9:04 am


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