QUESTION
can a credit card company freeze my bank account after almost 10 yrs
Asked on Mar 05th, 2013 on Collections - New York
More details to this question:
I had a credit card in 2001-2002, I owe money and they tried to collect for a couple of years, but now it is no longer on any of my credit reports but I am concerned about opening a bank account because I don't want them to freeze my account and take all of my money. Is there a statue of limitations on credit card companies and how long they can come after you? I live in NY.
1 ANSWER
If they have properly entered a judgment against you then the statute of limitationd for enforcement is 20 years. This is extended each time money is collected by an additional 20 years. I suggest you make some type of settlement offer or you will be paying this in perpetuity.
Answered on Mar 07th, 2013 at 3:09 PM
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