Comments on: what is the statue of limitations on credit card debt in South Carolina? http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina Sun, 05 Feb 2012 19:39:30 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Ice Cream Lover http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina/comment-page-1#comment-3063 Ice Cream Lover Sun, 25 Jul 2010 18:51:59 +0000 http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina#comment-3063 According to creditcards.com, South Carolina statue of limitations is 3 years. Unfortunately, if the credit card is in your name, you owe the money. If we're talking about an ex-spouse, you should have gotten a divorce debt decree to make the ex-spouse pay. If the ex-spouse doesn't pay, after you pay off the debt, you can take him/her back to court for contempt of court. It might cost $5,000 to take him/her back to court, but you can hopefully get your money back!<br><b>References : </b><br>http://junkdebtbuyers.com daveramsey.com creditcards.com According to creditcards.com, South Carolina statue of limitations is 3 years. Unfortunately, if the credit card is in your name, you owe the money. If we’re talking about an ex-spouse, you should have gotten a divorce debt decree to make the ex-spouse pay. If the ex-spouse doesn’t pay, after you pay off the debt, you can take him/her back to court for contempt of court. It might cost $5,000 to take him/her back to court, but you can hopefully get your money back!
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http://junkdebtbuyers.com
daveramsey.com
creditcards.com

]]> By: bdancer222 http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina/comment-page-1#comment-3062 bdancer222 Sun, 25 Jul 2010 18:07:59 +0000 http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina#comment-3062 The Statute of Limitations (SOL) in South Carolina is 3 years (http://www.bcsalliance.com/y_debt_sol.html). Typically the SOL starts from the date of last activity or last payment. Making a payment can restart the SOL. If you do get sued, be sure to respond to the summons and show up in court. Otherwise, the creditor will get a default judgment. By the way, just so there's no confusion, the SOL has nothing to do with the credit report reporting period which is 7 years per the FCRA. Folks often confuse and merge the SOL and reporting period. They are two completely different things.<br><b>References : </b><br>BD The Statute of Limitations (SOL) in South Carolina is 3 years (http://www.bcsalliance.com/y_debt_sol.html). Typically the SOL starts from the date of last activity or last payment. Making a payment can restart the SOL.

If you do get sued, be sure to respond to the summons and show up in court. Otherwise, the creditor will get a default judgment.

By the way, just so there’s no confusion, the SOL has nothing to do with the credit report reporting period which is 7 years per the FCRA. Folks often confuse and merge the SOL and reporting period. They are two completely different things.
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BD

]]> By: Judy http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina/comment-page-1#comment-3061 Judy Sun, 25 Jul 2010 17:39:59 +0000 http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina#comment-3061 It will stay on your report for about 7 years depending on the state you live in. They can come after you forever. Go get a good book from your library or bookstore on bankruptcy. Since you can never pay back - this may be your only option. The collectors will start calling. They will take you to court. They can garnish your wages or come after your accounts. /<br><b>References : </b><br> It will stay on your report for about 7 years depending on the state you live in.
They can come after you forever.

Go get a good book from your library or bookstore on bankruptcy.
Since you can never pay back – this may be your only option.

The collectors will start calling.
They will take you to court.
They can garnish your wages or come after your accounts.
/
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]]> By: Steve D http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina/comment-page-1#comment-3060 Steve D Sun, 25 Jul 2010 16:57:59 +0000 http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina#comment-3060 They can come after you forever. They can take you to court forever. However, the Statute of Limitations for credit card debt is 6 years in South Carolina meaning that if they sue you after the six years have passed, you have a valid defense in arguing that the SoL has passed and that a judgment should not be issued. Just remember that you need to show up in court if you receive a summons, otherwise a default judgment will be entered and you will have to file a new motion to dismiss the judgment (including court costs, etc., which you may not get back since it was your fault in the first place for not showing up).<br><b>References : </b><br> They can come after you forever. They can take you to court forever. However, the Statute of Limitations for credit card debt is 6 years in South Carolina meaning that if they sue you after the six years have passed, you have a valid defense in arguing that the SoL has passed and that a judgment should not be issued. Just remember that you need to show up in court if you receive a summons, otherwise a default judgment will be entered and you will have to file a new motion to dismiss the judgment (including court costs, etc., which you may not get back since it was your fault in the first place for not showing up).
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]]> By: MadMan http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina/comment-page-1#comment-3059 MadMan Sun, 25 Jul 2010 16:44:59 +0000 http://www.forrentorsaleinbelgrade.com/credit-card-debt/what-is-the-statue-of-limitations-on-credit-card-debt-in-south-carolina#comment-3059 Between four and six years. It can also depend on the state the credit card company is based in. If they sue you, it keeps the debt alive for at least 10 years.<br><b>References : </b><br> Between four and six years. It can also depend on the state the credit card company is based in. If they sue you, it keeps the debt alive for at least 10 years.
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