Legal Question in Credit and Debt Law in Michigan

"What is the statutory limits on collecting funds owed on a credit card debt in Michigan"?

Asked on 7/05/11, 4:12 pm

2 Answers from Attorneys

Timothy Klisz Klisz Law Office, PLLC

Six years from the date of last payment. Tim Klisz.

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Answered on 7/05/11, 4:29 pm

Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

There is no statutory limit to collect a debt, but 6 years is the statute of limitations for a creditor to sue for collection for breach of contract or on account stated. If sued, the defendant must plead expiration of the statute of limitations as an affirmative defense or raise it somewhere in the response.

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Answered on 7/10/11, 11:58 am

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