Question by  sekarksg (4)

What is the SOL for credit cards in the state of Illinois?

I understand different states have different statues of limitations.


Answer by  notorious (249)

The statue of limitations for credit card debt collection is over 7 years. It's one of the longest SOLs in the US.


Answer by  wrestler88 (192)

If debt collectors don't start legal action within 10 years of the debt first accruing, then the allotted time period has run, and the person who owes on the debt is free and clear.


Answer by  apple (447)

Creditors in Illinois have 10 years to collect on unpaid debts.

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