Statute Of Limitations on debts in Indiana
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Posted by DewAndCey (152.163.252.196) on July 06, 2004 at 16:48:18:
Ok , here is the question. What is the statute of enforceable limitations on a Sears revolving credit card ? It was issued in 8/1996. Brief rundown it was my husbands and his ex-wifes account. And well it just now is surfacing or at least resurfacing. We pulled a credit report and it stated that it was due to expire on the credit reports in 7/2004. Well that is now. But these people from RMA in Atlanta are now sending him an offer to get it taken care of. Well we do not have it , blah ! blah ! blah ! From my understanding with it having been from 1996 it should have expired. Does anyone here know for a fact whether it has or not ? There has not been a payment made on this account since early 1997 by the way. Do they have a legal ground to stand on ? Or is it uncollectable due to statutes of limitations ? Should I send them a letter advising them of it's original age , etc ? Thanks !
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