Fords, NJ asked in Consumer Law and Collections for New Jersey

Q: How is the time period for collecting on credit card debt calculated?

Is the time period for collecting on credit card debt calculated from the date of the last credit charge? Say a creditor is trying to collect on credit card debt that includes charges that are more than 6 years old (older than the statute of limitations) can they still collect on those charges or is the creditor only allowed to collect on charges that fall within the statute of limitations. Or does all of that not matter at all, and the creditor can collect for the outstanding debt from the date of the last charge as long as the collection suit is within the statute of limitations?

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1 Lawyer Answer
Leonard R. Boyer
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  • Clifton, NJ
  • Licensed in New Jersey

A: The only thing that actually matters is whether or not you intend to pay the debt or file for bankruptcy to eliminate this and any other dischargeable debts that you may have. The relevant statute of limitations is six years.

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