what is the statute of limitations on credit card debt
Add the number of years of the statute of limitations in your state. For Example: You last stopped paying on a credit card on January 15, 2015. The company sent you a demand letter for the full amount on July 15, 2015. The statute of limitations for credit cards (usually regarded as open accounts) in your state is 6 years. The date at which you are safe from having a creditor sue you over this debt is: No Acceleration Clause: January 15, 2015 + 6 years = January 15, 2021