Statute of Limitations on Credit Card Debt in NJ

For credit card debt, statute of limitation (sol) in New Jersey is 3 years. credit card debts come under open ended accounts.

In fact, there are 4 types of accounts: -

1. Written contracts
2. Oral contracts
3. Promissory notes, and
4. Open ended accounts

Credit card debts come under the 4th category.

To clear all your doubts you can go through Chart and Definition of different Statute of Limitation accounts

CC Debt is 6 yrs.




New Jersey Statutes of Limitation

Conversion of an instrument for money: 3 years, (N.J.S.A.12A: 3-118(g)).

Sale of goods under the UCC: 4-years, (N.J.S.A. 12A; 2-725).

Real or personal property damage, recovery and contracts not under seal: 6 years (N.J.S.A. 2A: 14-1).

Demand Notes when no demand is made: 10 years. If demand made: 6 years from date of demand, (12A: 3-118(b)).

Obligations under seal for the payment of money only, except bank, merchant, finance company or other financial institution: 16 years, (N.J.S.A. 2A: 14-4) actions for unpaid rent if lease agreement is under seal, (N.J.S.A. 2A: 14-4).

Real estate: 20 years, (N.J.S.A. 2A: 14-7); Judgments: 20 years, renewable, (2A: 14-5); Foreign judgments: 20 years (unless period in originating jurisdiction is less), (2A: 14- 5).

Unaccepted drafts: 3 years from date of dishonor or 10 years from date of draft, whichever expires first, (12A: 3- 118(c)).

It's in the state of NV

My credit card debt is almost 10 years ago but the lawyer of the debt collectors is suing me for it is this illegal?

i recvd a collection letter on a credit card that was opened 17 years ago.. is that legal?

A unpaid debt is collectible until death unless you live in MS or WI

Collectible, but sueable, if you will...

People can try to collect abiding by the FDCPA, but they cannot take you to court or threaten to take you to court for it.

SOL starts from the date of last activity on the account, not the date you opened the account.

Oops, UNsueable...sorry, my bad...

Actually, SOL starts with the date of last payment

Okay -- but that would constitute "activity". I should have elaborated. The point, however, still remains that the SOL has nothing to do with when the account was originally opened.

That's a different data field on credit reports. DOLA would generally be the most recent update to a tradeline.

The Statue of Limitations for New Jersey credit card debt is 4 years. I went to court and had my case dropped because it was 5 years old and they couldn't collect. Don't listen to anyone who tells you different. It's 4 years period.

i have garnish wages out of my pay .At the time i did not no the statue of limitations was three years.it has been 6 yr .What can i do or who can i go to too get that removed from my wages.

i dont want to muddy the agrument here, but sol in NJ for credit contracts is 6 years. that said anna, you need to know if you were SUED within SOL. if so then in NJ judgment is good for 20 years and can be revived for another 20.

If someone is harrassing you and you need help and you believe you are in your legal rights and past the three yrs. Call kimmel and Silverman at 1800-668-3247 they are wonderful and free they will help you. Go to their web sit Kimmel and Silverman check out their credit card stop harrassing debt collectors. They are the BEST and can help you and they are FREE!!!!!!!!!!!!! Good Luck