What is the statute of limitations on Credit card Debt in NEW YORK sTATE?
I have lost my career, and have been trying to pay off these credit cards. The balances just keep going up even though I am not using the cards and I am very far behind. Is there any hope on the horizon
Asked By: connie111 - 5/27/2006
Best Answer - Chosen by Asker
Resident state law is irrelevant in limitations as the contract is based on the laws of the state were the creditor is incorporated (usually Delaware). This usually means that in essence the creditor is limited to collections efforts as indicated by the FDCPA. Basically, they can attempt to collect the debt. Usually... More
Answered By: Tim - 5/28/2006
Additional Answers (1)
New York State Consolidated Laws Civil Practice... More
Answered By: ncdadof5 - 5/27/2006
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