I am being sued by a collection agency for an old (over 3 years) Visa credit card debt. I live in Alabama and the Statue of Limitations on Open Accounts is 3 years. I hired an attorney but he says that I probably will have to settle because it is not an open account but a written contract account which has a SOL of 6 years. He says this because the collection agency produced a piece of paper that I signed when I opened the account (basically it’s the credit card application). I researched on my own and most information that I found says that credit cards are always open accounts. I did find one place (Wiki Answers) where someone said that credit cards could be written contracts. Is my attorney wrong or can this indeed be a written contract in some way. I really need to know before I go to court. Please give me some type of solid backup to your answer and not just your opinion.
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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.
How do i get out of my debt? i owe student loan 10 k i never paid on it in like 7 years, i owe unemployment 30 k, ( it was only 7 k but every year they add on 10 k for what they say is a peanelty fee)…….( can they do that)? and I owe like maybe 15 k in credit card debt… I also never filed my income tax for the past 3 years and I should get a refund maybe worth 10 k but E. I takes it so what should I do and how can I get out of debt? seriously I need help.. I am on anti depressent drugs because of this so no jokes just true real answers please
iM ALSO THE ONLY ONE WORKING TO SOPPORT MY WIFE AND 2 KIDS
I have no credit card debt but a few credit cards that are open I never intend on using. Is there any way I can close these accounts without hurting my credit? I do not like the idea of having open credit card accounts, for fear of theft of these numbers.
