If you are an Ohio resident and owe credit card debt, you may not still be legally obligated to pay the debt. The statute of limitations for debt collection in Ohio can protect you from creditor lawsuits over old credit card debts.
Facts
Each state has a statute of limitations for collecting debt via a lawsuit. After the statute of limitations for Ohio passes, you can no longer be sued for your overdue debt.
Time Frame
A credit card account is considered an open account. The statute of limitations for open accounts in Ohio is six years.
Considerations
The statute of limitations does not begin until your credit card debt is 180 days delinquent.
Features
Making a payment to your credit card company or a collection agency that holds the debt will automatically reset the statute of limitations--even if it has already expired. This may leave you vulnerable to a lawsuit for the remaining amount that you owe.
Warning
Not all creditors follow the law. If a creditor sues you for a credit card debt that is beyond the statute of limitations for Ohio, it may win and be awarded a judgment against you unless you appear in court and notify the judge that the statute of limitations on the debt has expired.
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