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Facts about Credit Cards
No doubt, credit cards facilitate our expenditures. But it
what is the statue of limitations on credit card debt in South Carolina?
My ex left me with a large credit card debt over $24,000. I have no way of ever paying it back. How long can a debt collector come after me or take me to court with this debt?
Answer
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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