State statutes of limitation for credit card debt
Collectors have a limited time to file lawsuits over unpaid card debts.
Some times it doesn’t make sense to pay off and old credit card account. It depends what your strategy is and why your trying to improve your credit.
However, many people do not realize that credit card companies only have a certain amount of time to legally come after you for the money. Read this great article and find out what your statue of limitation’s are in your state!
Go to this site and read this article; Statute of limitation for credit card debt, all 50 states
Shared via AddThis