Does anyone know the statue of limitations in ky on how long a credit card company can collect from you?

Question

What is the statue of limitations in ky that a credit card company {who has discharged the card] and no payments have been made for over 5 years, and can they get a judgement and attatch it to your checking account? I don't usually keep money in the acct. I am also on SSI Disability now. If I don't pay what will happen to me? This also includes a past bill from a cell phone company. HELP!!!!!

Answer 1

If the last missed payment was before 7-16-03, then they would not be able to collect. What may have happened is that they may have illegally re-aged, or reset the time limit to collect.

Here's the statute of limitations info for Kentucky:

STATE: KENTUCKY

Interest Rate

Legal: 8%

Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

Open Account: 5

Written Contract: 15

Oral Contract: 5

Domestic Judgment: 15

Foreign Judgment: 15

BAD CHECK LAWS (CIVIL PENALTY)

N/A

GENERAL GARNISHMENT EXEMPTIONS

75% of disposable income or 30 x fed. min. hourly wage, whichever is greater.