Scott
Akron,#2Consumer Suggestion
Wed, January 28, 2004
Also, your post is rather confusing. You do mention it can be less than 7 years on the sol but I think you are somewhat confusing the legal sol with the reporting sol which is 7 years. In fact, there is not a single state who has a 7 year sol for credit cards. Many of them are 3-4 years with very few extending farther than that. You may see my post somewhere below that has a list of every state and the related sol for credit card debt. Of course, written accounts can be different but credit cards are not written no matter what the collector may tell you. they are open ended accounts. Keep up the effort though. IT is always nice to see others involved in helping themselves and others against criminals.
Scott
Akron,#3Consumer Suggestion
Wed, January 28, 2004
Also, your post is rather confusing. You do mention it can be less than 7 years on the sol but I think you are somewhat confusing the legal sol with the reporting sol which is 7 years. In fact, there is not a single state who has a 7 year sol for credit cards. Many of them are 3-4 years with very few extending farther than that. You may see my post somewhere below that has a list of every state and the related sol for credit card debt. Of course, written accounts can be different but credit cards are not written no matter what the collector may tell you. they are open ended accounts. Keep up the effort though. IT is always nice to see others involved in helping themselves and others against criminals.
Scott
Akron,#4Consumer Suggestion
Wed, January 28, 2004
Also, your post is rather confusing. You do mention it can be less than 7 years on the sol but I think you are somewhat confusing the legal sol with the reporting sol which is 7 years. In fact, there is not a single state who has a 7 year sol for credit cards. Many of them are 3-4 years with very few extending farther than that. You may see my post somewhere below that has a list of every state and the related sol for credit card debt. Of course, written accounts can be different but credit cards are not written no matter what the collector may tell you. they are open ended accounts. Keep up the effort though. IT is always nice to see others involved in helping themselves and others against criminals.
Scott
Akron,#5Consumer Suggestion
Wed, January 28, 2004
Also, your post is rather confusing. You do mention it can be less than 7 years on the sol but I think you are somewhat confusing the legal sol with the reporting sol which is 7 years. In fact, there is not a single state who has a 7 year sol for credit cards. Many of them are 3-4 years with very few extending farther than that. You may see my post somewhere below that has a list of every state and the related sol for credit card debt. Of course, written accounts can be different but credit cards are not written no matter what the collector may tell you. they are open ended accounts. Keep up the effort though. IT is always nice to see others involved in helping themselves and others against criminals.
Greg
Maple Grove,#6Author of original report
Tue, January 27, 2004
Correction to sentence above. After sending my advice above I noticed a grammer error in #3. "After the 7-year statute of limitations..." What I was going to state was... After the 7-year statute of limitations (in some states it is a shorter amount of time) they have little or no legal options and legal action for such small amounts ($1,000 - $5,000) when they have no chance of winning is expensive. They'd rather go after people by threatening them.