What is the NY statue of limitations on credit card debt?

Answer by  sonicfoundation (2597)

Credit card debt can be collected upon for up to seven years from the date of the last interaction with the creditor.

Answer by  TJenkins602 (656)

In New york, the statue of limitations for credit card debt is 6 years after the default. The creditor will have six years to file a debt collection lawsuit, after the time is up he can not file a lawsuit.

Answer by  Lordschild (1398)

It is six years. The company issuing the card may say in the agreement that the laws of the home state of the issuer determine the statute of limitations.

Answer by  Jenny25 (939)

The limitations are quoted in the NY Civil practice and laws. Basically it states, that within 20 years the debt has to be repaid if the items are on money or property. If it's a mortgage your dealing with or annulment of letter repayment, you have to pay it within 10 years.

Answer by  karenkay (343)

In New York state, the statute of limitations on credit card debt is six years. However, the debt can stay on your credit report for another seven years.

Answer by  tlagirl111 (5)

New York State allows six years for creditors and debt collectors to sue debtors for unpaid debts relating to revolving credit accounts with no term, such as credit card accounts.

Answer by  MathWiz (1408)

The statue of limitations on credit card debt for New York is six years. That's how long a company has to sue you for non-payment of credit card debt. The companies may use other ways of attempting to collect the debt after six years, but they can't use the courts.