Statute of Limitations
on Credit Card Debt
There is a statute of limitations on debt
so if a debt was written off or shows up as charged off on
your credit report odds are you don’t have to pay it back,
this will depend on the states statue of limitations which
I will list below. For example if you have open accounts
open for a certain amount of time you might be able to just
hang up on the creditor by telling them the statute of
limitations has run. Here is a table of the state statute
of limitations from state to state. You can check your
credit report on how old the debt is and check the table
below to see if you are possibly covered to just walk away
and hang up the phone on the collectors. The table below is
a statute of limitations on credit card debt only for each
state. This statute of limitations applies to creditors who
have not filed a lawsuit and have not obtained a judgment
against you. This is usually the case with smaller debts
$1,000.00 or less. So look over your credit report to see
if there are judgments against you regarding some of your
debts. Judgments will be dealt with in our bankruptcy
section.
Alabama = 3 years
Alaska = 6 years
Arizona = 3 years
Arkansas = 3 years
California = 4 years
Colorado = 6 years
Connecticut = 6 years
Delaware = 3 years
Washington = 3 years
Florida = 4 years
Georgia = 4 years
Hawaii = 6 years
Idaho = 4 years
Illinois = 5 years
Indiana = 6 years
Iowa = 5 years
Kansas = 3 years
Kentucky = 5 years
Louisiana = 3 years
Maine = 6 years
Maryland = 3 years
Massachusetts = 6 years
Michigan = 6 years
Minnesota = 6 years
Mississippi = 3 years
Missouri = 5 years
Montana = 5 years
Nebraska = 4 years
Nevada = 4 years
New Hampshire = 3 years
New Jersey = 6 years
New Mexico = 4 years
New York = 6 years
North Carolina = 3 years
North Dakota = 6 years
Ohio = 4 years
Oklahoma = 3 years
Oregon = 6 years
Pennsylvania = 4 years
Rhode Island = 10 years
South Carolina = 3 years
South Dakota = 6 years
Tennessee = 6 years
Texas = 4 years
Utah = 4 years
Vermont = 6 years
Virginia = 3 years
Washington = 3 years
West Virginia = 5 years
Wisconsin = 6 years
Wyoming = 8 years