Open ended accounts - Credit Repair Forum from Creditnet
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  1. #1
    virgie1130 is offline Newbie
    Join Date
    Jan 2003
    Posts
    1
    I'm trying to understand the statue of limitations on credit cards in my state. Are they considered "open ended accounts" Thanks for your help.

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  3. #2
    Manequinne is offline Senior Member
    Join Date
    Nov 2001
    Posts
    784

    Re: Open ended accounts

    Yes, Credit cards are considered open ended accounts.

  4. #3
    OnTheBayou is offline Senior Member
    Join Date
    Nov 2002
    Posts
    218

    Re: Open ended accounts

    Virgie

    What is an open ended account?

    Manequinne (op i speled it rite)

    ima in huston tonite but headin bak tu du swamps tumorrow an den bak tu huston fer du wekend.....an yes ima still tryin to finish off da eggnog...an lovin da La. politics....:}

    Seriously, I hope you really enjoyed the holidays, and I don't know what open ended accounts are.

    Jay
    -----------------------------------
    The woods are cold and dark and deep.......and the swamps of Louisiana are where I sleep.
    -----------------------------------
    I complained because I had no shoes, untill I saw a man who had no feet.
    ____________________

    Laughters the best medicine....
    unless you're up to your NECK IN QUICKSAND.

  5. #4
    Manequinne is offline Senior Member
    Join Date
    Nov 2001
    Posts
    784

    Re: Open ended accounts

    Originally posted by OnTheBayou
    Virgie

    What is an open ended account?

    Manequinne (op i speled it rite)

    ima in huston tonite but headin bak tu du swamps tumorrow an den bak tu huston fer du wekend.....an yes ima still tryin to finish off da eggnog...an lovin da La. politics....:}

    Seriously, I hope you really enjoyed the holidays, and I don't know what open ended accounts are.

    Jay
    Hiya Jay!!!!

    Yeah Cha, you spelled my name right. ;-)

    Open Ended Accounts - These are revolving lines of credit with varying balances.
    An example is a credit card account.

    I hope you're having fun in Houston. Have a safe trip.

    Happy New Year!!!!!!!!

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