Statute of limitations for credit card debts

maria_maria101 · 1 Statute of limitations for credit card debts Tue Nov 11, 2014 12:28 pm

maria_maria101

Arresto Menor

Posts : 1
Join date : 11/11/2014

Hi there,

Does anybody know what is the statute of limitations for credit card debts here in the Philippines?

I do have a credit card back in 2005 and in 2007 i have stopped paying for obvious reasons, financial difficulties. I was just wondering if my record is still on the credit bureau or has completely gone. What am saying is, if you've not been paid for 5 years or 6 years what happened to your credit cards debts?

advice would be gladly much appreciated.

Cheers,

Maria

Katrina288 · 2 Re: Statute of limitations for credit card debts Tue Dec 02, 2014 8:14 am

Katrina288

Reclusion Perpetua

Posts : 892
Join date : 23/10/2014
Location : Makati City, Philippines

Hi, you can be sued for collection of your credit card debts. the prescription period for that is 10 years kasi may written contract.

Statute of limitations for credit card debts

1 Statute of limitations for credit card debts Tue Nov 11, 2014 12:28 pm

maria_maria101

2 Re: Statute of limitations for credit card debts Tue Dec 02, 2014 8:14 am

Katrina288