Credit Card Debt Charge Off Date

bobolong · #1 03-22-2006, 08:48 AM

I had a credit card charged off in 2001 or 2002. It's a little unclear as to when exactly. I recieved a judgement that said it was charged off on Dec 2005. What is the law on this sort of thing. Are they playing with the charge off date? Any ideas??[/b]

aaron · #2 03-22-2006, 01:39 PM

You received a judgment - as in, you were sued over the debt, lost (or were defaulted), and now a judgment has been entered against you?

bobolong · #3 03-22-2006, 05:29 PM

They are taking me to court on this. The problem is that they charged off account in 2001/2002 ,but on the summons to reply before a judgement takes place they are trying to say that the card was charged off on 12/2005. I have not been sued yet for this. I think they are trying to say the card was charged off on a later date.

aaron · #4 03-22-2006, 05:40 PM

For the legal action, the charge-off date is irrelevant to the statute of limitations. The statute would normally start to run at the later of (1) the last date you made a charge, (2) the last date you made a payment, or (3) the due date for the bill issued subsequent to the last charge you made.

bobolong · #5 03-23-2006, 08:10 AM

ANY IDEAS ON THE STATUTE OF LIMITATIONS FOR collection on A CHARGED OFF Credit Card Account in the state of Kentucky?? or where i could find this information? Thanks for the other info by the way.

aaron · #6 03-23-2006, 08:34 AM

It appears to be five years.