The statute of limitations on credit card debt in Texas is four years. This statue of limitations means that a creditor cannot sue a debtor over a debt once four years has passed since the last day the debtor made a paym... More » Business & Finance Credit & Lending

According to U.S. federal law the statute of limitations for credit card fraud is five years. After this time period it is impossible for the government to prosecute a credit card fraud offense. More » Government & Politics Crime

State law sets statutes of limitations for debts, which may vary from state to state, according to the Federal Trade Commission. Some states have several statutes of limitations. The applicable law depends on the type of... More » Government & Politics Law Debt Law
similar articles

A credit card company may sue any person who fails to pay off credit card debt. If the company wins a money judgment, it collects the amount due from the defendant's income and property. These consequences apply to peopl... More » Business & Finance Credit & Lending

Bankrate, Credit Karma and Vertex42 offer credit card calculators that contain information related to outstanding balance, interest rate, monthly payment and desired month until debt free. From there, a user is able to v... More » Business & Finance Credit & Lending

Get help with credit card debt by negotiating directly with credit card companies for more time or better terms, suggests Nolo. If this isn't successful, contact a nonprofit credit counseling agency. As a last resort, co... More » Business & Finance Credit & Lending

Paying off a credit card debt requires implementing one or more strategies such as paying off one card at a time or consolidating all debt into one payment. Another strategy is to pay more than the minimum amount each mo... More » Business & Finance Credit & Lending