Is there a statute of limitations on credit card debt?
Full Question:
I recently received a summons for a court date for an old credit card debt, a 5 year old credit card debt that is. I was doing some research and found something called the Statute of Limitations saying that if the debt is more than 4 years old, they do not have the right to collect. Is this true? Should I have to go to court anyway to tell this to the judge or is it not going to matter if I go to court or not? I just don't want to waste my time going if it's not going to affect me in any way.
05/15/2007 |
Category: Debts and Cr... ยป Credit Cards |
State: Florida |
#4789
Answer:
Yes, you should appear and present your defense.