Legal Question in Business Law in Illinois
statute of limitations in illinois on credit card debts
what is the statute of limitations in illinois on credit card debt and on commercial bank loans
Asked on 10/26/00, 10:54 pm
1 Answer from Attorneys
Lawrence A. Stein
Aronberg Goldgehn Davis & Garmisa, LLC
Re: statute of limitations in illinois on credit card debts
Generally, in Illinois the statute of limitations on written contracts is ten years from the last payment or other acknowledgment of the debt.
Answered on 11/16/00, 9:12 am
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