Credit Card Statute of Limitations in Pennsylvania
Generally speaking, the Statute of Limitations for Credit Card debt in Pennsylvania is four (4) years. The bigger question is “When does the Statute begin to run”?
Credit Card collection lawsuits are on the rise across the country. We especially notice the increase in claims here in Pennsylvania based upon the volume of phone calls and emails that I receive on this topic.
One of the biggest questions that I receive is “What is the Statute of Limitations for Credit Card Debt”? The quick and easy answer is four (4) years. (Unless the contract is under Seal, which makes the SOL 20 years. Most Credit Card contracts are not under Seal).
Bankruptcy Filings Are Sure To Rise
Bankruptcy filings will continue to rise due the current economic conditions.
Have you seen the price of gas lately? Have you gone to your local grocery store and checked out the prices for basic food items? Have you been out to eat in the past six months? If you are paying any attention at all, you will have noticed a significant increase.