What is the statute of limitations for collecting a debt (specifically Credit Card) in the State of Michigan?

Question

Some say the S.O.L. in Michigan for credit card debt collection is 4 years. Some say 6 while I've even heard others say 5. There must be a definitive answer.-- Also, if you file an answer to a comlaint is this the only defense you need to raise in order to get the suit dismissed?

Answer 1

I think it is 6 or 7 years but check with an attorney or legal aide person in your state.

Answer 2

Michigan has a 6 year SOL across the board. Credit Cards are defined as "open ended accounts" under the Truth In Lending Act.  

http://www.creditinfocenter.com/rebuild/...

The SOL expiring is an affirmative defense. If the SOL has expired before they file suit then not only can the case be thrown out, THEY can be held liable for filing suit on a time barred debt.

Answer 3

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Answer 4

I thought it was longer than that. Like 7. Not sure though.

Answer 5

Michigan Statutes of Limitation

Breach of Contract: 6 years, (MCL 600.5807(8).

Breach of Contract for Sale of goods under the UCC: 4 years: including deficiency actions following repossession and sale of goods subject to a security interest, (MCL 440.2725(1).

Judgments: 10 years, but are renewable by action for another 10 years, MCL.600.5809(3).

NOTE: Another state's limitation period may apply check statutes carefully.