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Collections Law/Statute of Limitations for credit cards in Pa

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Expert: - 8/17/2010


Question
QUESTION: Mr. Miller,

Does the last payment on a credit card start the default clock for the Statute of Limitations in PA?

Thank you.
Elizabeth



ANSWER: I need a little more information.  Is this the last payment on a current credit card or was it charged off at some point in the past?  Please send me a follow up with this information and I will research it. Thank you.

---------- FOLLOW-UP ----------

QUESTION: The credit card was charged off about 4 or 5 years ago.

Thank you.

Elizabeth

Answer
The statute of limitations starts from the date of last activity, which in this case would be the charge off date.

If you are about to pay this debt off, call the credit card company and negotiate removal of this information from your credit history in exchange for payment.

I hope you find this information helpful.

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Ray A Miller

Expertise

I am qualified to answer questions on the following subjects: FDCPA, FCRA and HIPAA as well as medical collections, general collections and collection agency related issues. I trained these subjects at a nationwide collection agency and customer service call center and audited around 150 representatives for compliance to the laws. I have been in the Collections Industry for over 30 years. I feel that everyone deserves to be treated fairly and with compassion and that is the way I trained collectors. Even though I worked for a Collection Agency, I get great satisfaction in helping those who have been mistreated or in need of help with these confusing issues.

Experience

I was the Compliance Administrator with a nationwide collection agency and customer service call center-I have trained hundreds of collectors on the above referenced topics. I have been in the medical collections industry for over twenty years and research these topics on a daily basis.

Organizations
ACA International

Education/Credentials
Some college ACA Certified Collection Specialist

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