Can a credit card company pursue debt after 7 years?

Answer Collections that are past 7 years old are usually erased from the credit report if it has not been paid during that time. In some cases the collector can still sell the account or debt to collect w... Read More »

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How Many Years Can a Credit Card Company Try to Collect a Debt?

A credit card company can attempt to collect on a debt for the rest of your life. There are state laws governing how many years credit card companies have to successfully pursue you in court for un... Read More »

Can a creditor collect on a credit card debt over 8 years old?

Every state has its own statute of limitations on credit card debt. A statute of limitations is a time frame for when the debt can be collected. In all 50 states, the statute of limitations on cred... Read More »

What happens when a credit card company can't validate the debt to the consumer?

If you are being hounded for a debt you don't think you owe, you have the right to demand proof of its legitimacy. There are several federal laws that require both creditors and credit bureaus to p... Read More »

Can a credit card company sue after selling your debt for collection?

After a collection agency purchases your debt, it owns your account. Although the collection agency may opt to file a lawsuit against you to collect the debt, the original creditor has already writ... Read More »