What is the statute of limitations on credit card debt?

The statute of limitations on credit card debt in Wisconsin is determined by the type of debt that is owed. For most consumer debts, such as those owed on credit cards, the statute of limitations is six years. This means that the creditor must file a lawsuit against the debtor within six years of the date of the last missed payment. If the creditor does not file a lawsuit within this time frame, then the debt is no longer legally collectible in Wisconsin. It should be noted that Wisconsin does offer some protections to consumers when it comes to debt cases. For instance, the Wisconsin Fair Debt Collection Practices Act makes it illegal for debt collectors to harass or intimidate debtors, and it sets limits on when and how often they can contact debtors about the debt. Additionally, if the creditor does file suit against the debtor, the debtor has the right to defend themselves in court. This means that whatever evidence the creditor has in support of their case must be presented in court. Overall, it is important to note that the statute of limitations on credit card debt in Wisconsin is six years. This means that the creditor must file a lawsuit against the debtor within six years of the date of the last missed payment, or else the debt is no longer legally collectible in Wisconsin. Additionally, consumers in Wisconsin may be entitled to protections under the Wisconsin Fair Debt Collection Practices Act.

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What is the statute of limitations on credit card debt?

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