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Collection suit against card holder time-barred (access required)

By: Correy Stephenson
Published: January 15, 2010

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An action to collect on credit card debt was barred by the statute of limitations under a state statute applicable to “open accounts,” the Indiana Court of Appeals has ruled. A credit card holder obtained a card in 1999 and stopped making payments in 2000. The bank “charged off” his account but it was then ...
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