Statute of Limitations on Credit Card Debt: What the Expiration Date Actually Means

Statute Of Limitations Credit Card Debt

The statute of limitations on credit card debt dictates how long a collector has the legal right to sue you, typically ranging from 3 to 6 years depending on the state. Many credit card agreements contain a “choice of law” clause that may apply a shorter timeframe (like Delaware’s 3-year limit) regardless of where you … Read more