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 »

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

Paying the highest balance first and using the snowball method, which involves paying off the smallest balances first, are good ways to pay off credit card debt, according to Bankrate. Other recommended methods include d... More » Business & Finance Credit & Lending

Two standard strategies for paying off credit card debt include using extra cash to pay down the card with the highest interest rate immediately and paying off the card with the lowest balance first. The first strategy i... More » Business & Finance Credit & Lending

Consumers can try to settle a credit card debt by negotiating with the credit card or collections company to pay off the debt at an amount less than what is owed, according to Nolo. Credit card companies might accept a l... 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