Legal Question in Credit and Debt Law in Texas

The statue of limitations for a credit card debt in my state is 4 years.the account was charged off over 4 years ago.can I still be sued on this account if I have made partial payments to a collection co.? The payment arrangements were an oral agreement.nothing in writing was ever made , and now they are threatening a lawsuit.I live in Texas.


Asked on 2/12/13, 2:48 pm

2 Answers from Attorneys

Mark Dunn Mark D. Dunn

You making payments extends the limitations period. Charging off the debt doesn't have anything to do with the four-year statute of limitations.

Read more
Answered on 2/12/13, 5:14 pm
Donald McLeaish McLeaish&Associates;, P.C.

If you can't pay, quit talking to collectors..write the creditor or collector "Cease and desist all contact with or anyone concerning this claim except in writing."...then if they call u or others, you have aclaim under fair debt collection statutes...but debtors too frequently try to pay a little ..when they can't pay all.

Read more
Answered on 2/13/13, 7:49 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas