What is the statue of limitations for credit cards in Florida?

Answer by  patti (29325)

With regard to debt, the SOL covers only lawsuits. Collection efforts and credit reporting may continue indefinitely after the SOL expires. Often, the calls will drop off for SOL expired accounts. Third party collectors can be served a "cease and desist" order per the Fair Debt Collection Practices Act.

Answer by  Vladimir (459)

Under Portfolio Recovery Services v. Paul Fernandes (15th Appellate Circuit/ Palm Beach County)Credit Card cases are treated as oral contract cases (distinguished from written contracts and promisory notes, which are bound by a 5 year statute of limitations) and are subject only to a four year statute of limitation- measured from the missed payment date.

Answer by  mammakat (11147)

4 years, unless you leave the state and move back, in which case it picks up again. If you start making payments again, the clock starts over. However, this debt can be handed over to collectors and may follow you. My advice is NOT absolute though, consult an attorney.

Answer by  jennwol (13)

Unless the credit card was approved by oral agreement, the statue of limitations for credit card debt, in Florida, is five years.