Legal Question in Credit and Debt Law in Texas
charged off credit card
Can you be taken to small claims court for a deliquent account charged off 3 1/2 yrs ago?
Asked on 1/25/07, 6:16 pm
2 Answers from Attorneys
Sharon Campbell
Sharon K. Campbell
Re: charged off credit card
Yes. Charge-off is merely an internal accounting term which creditors are required to do by law. The statute of limitations for suit on a debt in Texas is 4 years.
Answered on 1/25/07, 6:19 pm
Peter Bradie
Bradie, Bradie & Bradie
Re: charged off credit card
Maybe, depends upon when the next payment after your last payment was due and you defaulted. The date of default starts the clock, not the date of charge-off.
Answered on 1/25/07, 6:29 pm
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