Legal Question in Credit and Debt Law in Texas

Statute of Limitations clarification

In regard to debt, specifically credit card debt in my case, TX law says - 16.004. FOUR-YEAR LIMITATIONS PERIOD. (a) A person

must bring suit on the following actions not later than four years

after the day the cause of action accrues:

4) debt

Does this mean from the time of:

1. the account opened

2. the last activity on the account (last purchase)

3. the last payment on the account?


Asked on 11/21/06, 2:04 pm

2 Answers from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Statute of Limitations clarification

The statute starts on the date the debt went into default; i.e. payment was due and not paid.

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Answered on 11/22/06, 11:20 am
James Grissom Law Office of James P. Grissom

Re: Statute of Limitations clarification

The last activity on the account which could be a paymentbut not an interest charge, etc. by the creditor.

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Answered on 11/21/06, 4:13 pm


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