5171 Shares

Is there a statute of limitations in Washington State for a Credit card?

Is there a statute of limitations in Washington State for a Credit card? Topic: Limitation of a research
June 16, 2019 / By Frances
Question: I got a letter in the mail from a coll agency - first time ever- Credit report is clean, and apparently, it is for my husband, out of state, from over 12 years ago- what should I do? should I ignore it? I was going to dispute it, but he said maybe we shouldnt do anything. its from 1992- my husband barely remembers the debt. He doesnt live in that state anymore
Best Answer

Best Answers: Is there a statute of limitations in Washington State for a Credit card?

Dara Dara | 5 days ago
Washington State has a 6 year statute for written contracts and promissory notes. 3 years for oral contracts. If the account in question is over 7 years from the 'date of last activity', then it should not reflect on your credit record. However, if you are planning to apply for a credit line in excess of $150,000 or apply for a job that pays over $75,000 per year, it may be included in future credit reports or background checks. Request a copy of your credit report from all 3 major credit bureaus. Equifax, Experian and Trans-Union. If the credit card is not on any report, then there should be no need to address it. If it is recorded on your credit record, submit a 'Certified Letter-Return Receipt Requested' to the 'CREDIT BUREAU' disputing the validity of the debt. Inform them that if they cannot verify the debt and provide you documentation of the debt, then you are requesting that they delete the file from your record and that they send you an updated copy of your credit report reflecting the correction.
👍 198 | 👎 5
Did you like the answer? Is there a statute of limitations in Washington State for a Credit card? Share with your friends

We found more questions related to the topic: Limitation of a research


Dara Originally Answered: Is there a statute of limitations in Washington State for a Credit card?
Washington State has a 6 year statute for written contracts and promissory notes. 3 years for oral contracts. If the account in question is over 7 years from the 'date of last activity', then it should not reflect on your credit record. However, if you are planning to apply for a credit line in excess of $150,000 or apply for a job that pays over $75,000 per year, it may be included in future credit reports or background checks. Request a copy of your credit report from all 3 major credit bureaus. Equifax, Experian and Trans-Union. If the credit card is not on any report, then there should be no need to address it. If it is recorded on your credit record, submit a 'Certified Letter-Return Receipt Requested' to the 'CREDIT BUREAU' disputing the validity of the debt. Inform them that if they cannot verify the debt and provide you documentation of the debt, then you are requesting that they delete the file from your record and that they send you an updated copy of your credit report reflecting the correction.
Dara Originally Answered: Is there a statute of limitations in Washington State for a Credit card?
This webapage may have some of the answers. It's for business to business credit and collections, but most of the material is relevant for individual debtors and creditors. See the section marked "statute of limitations by state". http://www.creditmanagementworld.com/leg...

Brady Brady
This webapage may have some of the answers. It's for business to business credit and collections, but most of the material is relevant for individual debtors and creditors. See the section marked "statute of limitations by state". http://www.creditmanagementworld.com/leg...
👍 80 | 👎 3

Brady Originally Answered: I have about $6,500 in credit card debt. what's best? personal loan credit counseling 0% interest Credit card?
I was in the same situation. Over $30,000.00 in debt but had it paid off in less then 3 years. What you want to do is go through your credit card statements and organize them by highest interest rate to lowest interest rate. You want to get rid of the highest interest rate bills first. What I did was roll then over to another credit card but with a lower interest rate, no annual fee and no transfer fee. Same thing with your bank. See if they have low interest rate personal loans so you are able to pay off your credit cards. *Remember pay your bills on time....I make it a habit (if I do have the funds) to pay the bill the next day after I recieve it. *Pay a little extra.......bill for $83.00 make it out to $90.00 *Most importantly* KEEP ON TOP OF YOUR LEDGER. I don't use that little register the bank gives you with checks. I use a spiral notebook. I divid each page with DATE, DISCRIPTION, -, +, =. Document everything and ALWAYS round up for Debits and round down for Deposits. That way you will be saving money without knowing it. For months my ledger said I was hundreds of dollars negitive....but when I get my bank statment I actually had thousands in the bank. I saved money while I squashed out all my debt. Good Luck!! Oh - NEVER FILE BANKRUPTSY!!
Brady Originally Answered: I have about $6,500 in credit card debt. what's best? personal loan credit counseling 0% interest Credit card?
Almost sure that you will find many financial solution at= loandirectory.info- RE I have about $6,500 in credit card debt. what's best? personal loan credit counseling 0% interest Credit card? I just graduated college and have a good part time job. I make pretty decent money and am trying to keep my bills low but I do have rent utilities and a phone bill. I dont know if I ...show more

If you have your own answer to the question limitation of a research, then you can write your own version, using the form below for an extended answer.