Legal Question in Credit and Debt Law in South Carolina
statute of limitations for CC debt
Is there a allotted amount of time to recover debt to a Credit card
Asked on 11/06/08, 3:51 pm
1 Answer from Attorneys
Sheryl Schelin
Law Office of Sheryl Schelin
Re: statute of limitations for CC debt
Generally 3 years as with any other contract.But there are ways a consumer can unwittingly toll that statute (i.e., stop the clock from running), so it's important to speak with a lawyer if you think this is a potential defense. Otherwise you can end up with a judgment that acts as a lien against any property you own or acquire within the next 10 years.
Answered on 11/21/08, 11:15 am
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