Re: stat of limits illinois credit card
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Posted by Boadicea
(220.127.116.11) on May 18, 2004 at 14:03:50:
In Reply to: stat of limits illinois credit card posted by steveurb on May 18, 2004 at 12:34:46:
The statute states that OTHER types of contracts are five years. Credit cards fall under the "other" category because they do not meet the statutory definition of a "written account." It is through the process of elimination that you arrive at that conclusion.
Follow Why Chat's instructions on how to answer a debt past the SOL. It explains the legal reasoning behind this. You will not find case law or a specific statute in IL regarding credit card accounts.
The plaintiff attorney's will try to sell you the garbage that it is a written contract. Don't buy it, because even they will fold if you construct your written answer correctly and hold your ground.
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