Collection Agencies
Date: Fri, 12/07/2007 - 12:50
I think this is in the wrong spot. It should be with dealing with collection agencies. I don't know how to move it.
Looks like six years from here. Have a look: http://www.cardrepo
Looks like six years from here. Have a look: http://www.cardreport.com/laws/statute-of-limitations.html
btjak, I've moved your post into the correct forum. Credit
btjak,
I've moved your post into the correct forum.
Credit cards are considered open accounts. If the information in the above website is accurate, then they would have 6 years to sue you from the date you last paid.
Before they can do anything with garnishments or your bank accounts, they would need to get a judgment first. But once they have a judgment, then they can file supplementary proceedings to grab your bank accounts.
I do believe as long as you are a signer on an account, they can succesfully tap into it if they go through all the procedures -- even if its your husbands money going into the account, it is still nonetheless your account. Then again, I've never done this sort of thing so I may be wrong.
If you see a lawsuit coming and you're worried about this, you might jump the gun now and have him setup his own bank account without you on it. For if they freeze your assets, and then you try to transfer funds after-the-fact, you could be held in contempt of a court order.
