subject: Credit Card Debts – Statute of Limitations [print this page] Credit Card Debts Statute of Limitations
It is important to keep the collector from filing a lawsuit against you. If he does, you can prevent a collector from winning this by using the expired SOL. However, the SOL does not erase a legitimate debt. You have to pay it. The SOL also does not assure of a debt not being reported on the credit report.
