Posts Tagged Statute Of Limitations
What is the statute of limitations for credit debt in Nebraska?
Posted by admin in Credit Cards on December 28th, 2009
I received a phone call from First National Collection Bureau regarding a debt from Sept. 1998. I don’t recall having an account with the bank they mentioned. They sent me a letter stating that if I don’t respond to them in writing then they would assume the debt is valid. I have no records, even credit report, that shows this debt. Should I worry about this?
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Is credit card debt considered an open account or a written contract?
Posted by admin in Credit Cards on November 26th, 2009
I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80’s or early 90’s. Thanks.