What is the statute of limitations on credit card debt in Georgia?
In Georgia, the statute of limitations for filing a lawsuit to collect credit card debt is 6 years. This means that if your account is inactive for six years, you have a winning defense to any credit card collection lawsuit.
How long can a debt collector legally pursue old debt in Georgia?
Most debts in Georgia have a statute of limitations of four years, like medical debt, credit card debt and auto loans….Understanding your state’s statute of limitations.
|Georgia Statute of Limitations on Debt|
|Mortgage debt||6 years|
|Credit card||4 years|
|Auto loan debt||4 years|
|State tax debt||7 years|
What to do if debt is past statute of limitations?
- Get legal advice immediately.
- Ring the debt collector/creditor and tell them that the debt is disputed as it is statute barred (which means it is more than 6 years old).
- Ask the debt collector/creditor to provide copies of the contract and account statements.
What’s the Statute of limitations on open credit cards in Georgia?
Under O.C.G.A. § 9-3-25, the statute of limitations on an open account (i.e., credit card) is 4 years. However, the Court of Appeals of Georgia held in Hill v. American Express that a credit card contract is a written contract, and not open. This 2008 decision may or may not set precedent on all state courts in Georgia.
What to do when you can’t pay your medical debts?
If your medical debt has caused you to incur other types of debt that you’re also struggling to pay, try using the American Fair Credit Council. This organization can help you find a reputable debt-relief company that can help reduce your principal balance and/or the interest rates on your debt to help you pay it off and restore your credit.
What are the laws on debt collection in Georgia?
Georgia collection laws would govern how they can collect. Georgia law protects $600 in your bank account, if the account is levied. This means any money in an account with your name on it can have whatever is in the account abovie $600 taken to pay the debt.
Can a judgment creditor pursue a Georgia spouse?
Georgia Law & Spousal Debt. Generally, a Georgia judgment-creditor is allowed to pursue the assets of the Georgia judgment-debtor only, and not his or her spouse. However, exceptions apply to this general rule. For example, some forms of jointly held real estate can be attached, as well as joint financial accounts.