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  1. #1
    Join Date
    Dec 2008
    Posts
    8

    Default Credit Card Statute of Limitations

    My question involves collection proceedings in the State of: AZ

    According to AZ statue of limitations, the time frame for a credit card is 3 years.

    Is that 3 years of last type of transaction? Meaning they cannot bring you to court?

    Reason is, last transaction on a credit card was 11/2007.....pre trial conference is set for Jan. Being that this is past the 3 year mark, is the case null and void?

    Thanks

  2. #2
    Join Date
    Apr 2009
    Location
    Somewhere near Canada
    Posts
    35,894

    Default Re: Statute of Limitations

    It is 3 years from the last transaction.

    But it appears that they've already filed suit - meaning they are perhaps within the SOL provided they filed before 11/10.

    So the question is - when did they file?

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Credit Card Statute of Limitations

    Generally speaking, a cause of action for credit card debt accrues on the later of the date of the last purchase, the date of the last payment, or the date the most recent missed payment was due. So if your last purchase was in 11/07, with the payment due in 12/07 (or possibly even 1/07), the cause of action may not have expired in November (assuming the case wasn't filed within three years of the last purchase.)

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