About credit card in California?

Can a credit card debt be collected in California after 4 years has passed? This was in 2003. It%26#039;s now 2007. Thanks

About credit card in California?

They can continue to %26quot;try%26quot; and collect even though the collecting SOL has passed.

At times collectors do file suit on time barred debts, even though it is illegal.

If you are past the collecting SOL you might inform the collector that the account is past SOL. Informing them of that fact may stop them from filing on you if they have been thinking of it.

If you are being sued you can use an affirmative defense of SOL in with your answer.

You might click on my profile and do some reading in the FTC links I%26#039;ve provided. You might also click on the last link I have listed, to a free credit discussion board,.and do some reading in the Credit Forum.

Just a note - along with the FTC FDCPA, California has their own version of an FDCPA which gives you added protection for any violations a collector may make.

About credit card in California?

im not sure maybe not. :(

About credit card in California?

Pretty sure, if you owe it you will have to pay it. Especially if you want it off your credit report.

About credit card in California?

For California, the Statute of Limitation is 4 years.

From Creditinfocenter.com %26quot;Every day, consumers pay off collection accounts and charge-offs which they do not have to pay off because the Statute of Limitations has already expired for the open account. Consumers pay off these accounts because the accounts still appear on their credit reports.%26quot;

%26quot;This information can be a powerful weapon in unburdening yourself of old debts, as creditors have a limited time in which to sue you. Remember: the Statute of Limitations begins to run from the day the debt - or payment on an open-ended account - was due. Also, this has nothing to do with how long an negative credit item can remain on your credit report...%26quot;

Read this site to learn more: http://creditinfocenter.com/rebuild/stat...

About credit card in California?

You have credit card debt, and you wan to pay it off as quickly as you can. We will assume that you are going to stop creating more debt. You have changed your ways. You also understand that paying credit card%26lt;!--balances with a consolidation loan or rolling it into a mortgage isn%26#039;t paying it off. In fact, paying a lower interest rate, but paying on the debt for many more years, usually means paying much more, not less.Okay, so you really want to be rid of that credit card debt.

http://bestcreditcards.freehostia.com/Cr...

First, you have to understand that not all debt is the same. Of course you know this. Some of your cards have a higher interest rate than others.Find and budget the money to start paying down those balances. If you order pizza every week, for example, you may be spending $60 or $80 per month right there--%26gt;If you are serious about getting those debts paid, you may have to eat $4 frozen pizzas for now. Do what you have to do, and determine how much you can apply towards the debt each month.