Financial Information
I live in LA and have thousands of dollars of unpaid credit card debt from 1995. Am I still legally liable?
Question : I live in LA and have thousands of dollars of unpaid credit card debt from 1995. Am I still legally liable?
I incurred alot of debt in the early 90′s and to make a long story short stopped any payments a little over year after my wife died in 1993. I am now working again and started getting letters from collection companies about these debts. Is there a way to find out where I stand legally in regard to this problem.
unpaid credit card debt
Best answer:
Answer by sdn90036
No, it is past the statute of limitations. Don’t speak with the bill collectors on the phone. Just ignore these guys.
Do not pay any money on these outstanding bills, because then you would be confirming the debt.
Good luck.
Ignoring them may not be the best course of action, I would send them letters back stating that any debts from 1995 are beyond California’s statute of limitations (which is a maximum of 4 years)