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The clock’s not ticking on credit card debt

Monday, June 12, 2017 @ 8:39 AM | By Sarah O'Connor

If I ask when does the limitation period start for credit card debt, you would probably answer, the limitation period starts when the default occurs. The default could be either the date of the first missed payment, the date of the last payment, or the last day of activity on the account. You would also probably make the argument that the limitation period restarts each time a partial payment is paid and each time the credit card is used.

Would you be surprised if I told...