Sunday, January 6, 2013


Each State has a statute of limitations with regard to credit card debt. These debts are referred to as prescribed and creditor debts have reduced the possibilities of the collection of delinquent credit card accounts beyond the this date. While the time limitation does not absolve you of your debts or erase the default settings of your credit report right of Texas credit card protects you against lawsuits and the prescribed credit card debt possible wage seizures.

In accordance with article 16.004 remedies Code and civil practice in Texas, the Statute of limitations on lawsuits as a result of the default credit card is four years. The four-year period begins when you stop making the payments on the credit card and the account is considered to be in default. The period of limitation does not debt clear. It simply means that you can be prosecuted for this threshold beyond credit card debt.

Rights of consumers
While the law protects you against the threat of legal action, the creditors may challenge the debt is beyond the limitation period and the attempt to take you to court. Does not ignore a summons of the Court as a judgment can be taken against you if you do not appear. Attend your court date and demonstrate that the limitation period has elapsed.

Collection agencies can still contact you to collect a prescribed debt and it is within their rights to do so. If you feel that you are being harassed, you can send a letter of "no contact" with the collection agency indicating that you no longer wish to communicate with you about the debt.Send the letter by certified mail and keep a copy for your records. Under the fair debt Collection Practices Act, creditors can contact you once they have received a letter from "non-contact" except to the notify you of further legal action.