Re: Statute Of Limitations On Open Accounts In Georgia
Ga. is one of the states where more & more courts are considering credit cards (unless it's a store card) as a written contract with a 6 yr. SOL as opposed to a 4 yr. SOL on an open acct. I have read some info by a debt collector, who is trying to keep up with the SOL rules in all states, that some consumers have gotten back to him that the longer written contract SOL was used in Ga. It's hard to say what any individual court will do.
However, I believe the Ga. Court of Appeals has recently stated that credit cards are written agreements ("contracts") with a 6 yr. SOL.
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