Business
Ask Laz

There's a statute of limitations for credit card debt

Credit and Debt
There's a point where you can no longer be sued for credit card debt
Is there a statute of limitations for credit card debt? @Davidlaz has the answer

Dave fell behind on his credit card payments. The card issuer closed his account a couple of years ago.

Now he's getting calls from debt collectors.

ASK LAZ: Smart answers to consumer questions

Dave asks: Is there a statute of limitations for credit card debt?

There is, but it varies from state to state. It also doesn't necessarily mean that debt collectors will go away.

For more, check out today's Ask Laz video.

If you have a consumer question, email me at asklaz@latimes.com or contact me via Twitter @Davidlaz.

Copyright © 2014, Los Angeles Times
Related Content
Credit and Debt
Comments
Loading