statute of limitations

[texascolorado]

What is the name of your state? Colorado

I have recently moved to Colorado, I have a credit card debt that the statute of limitations has run out (five years old) the statute in Texas is four. Since I have moved to Colorado and the statute here is 6 years , can I still be sued for this debt.

[seniorjudge]

No one ever keeps those danged things the credit card company sends you, but I will bet that the agreement was that you would have to go by the statutes of limitations in the state where you first got the card.

Just a guess....

[Ladynred]

The answer is, YES you can still be sued. The SOL doesn't stop them from suing you except in certain states where it IS illegal to sue on out-of-statute debts.

[kjkwrd]

I have had to do some research for statute of limitations for myself, and found that the statute of limitations counts for whatever state you signed the agreement in. Just because you moved to a state where the SOL are a couple of years more doesn't mean it will drag it out for you.

Kathy

[seniorjudge]

Originally Posted by kjkwrd

I have had to do some research for statute of limitations for myself, and found that the statute of limitations counts for whatever state you signed the agreement in. Just because you moved to a state where the SOL are a couple of years more doesn't mean it will drag it out for you.

Kathy

And, while you are out of your home state, the SOL is not running for you.