Illinois Residents Please Read

Discussion in 'Credit Talk' started by SimonSays, Apr 17, 2005.

  1. SimonSays

    SimonSays New Member

    Hi everyone,

    I have linked an article in which an Illinois attorney claims that the SOL on credit card debts is 10 years in the state of Illinois. For years I have thought, and still do, that credit cards are considered open accounts and subsequently have a 5 year SOL. What do you make of this article?

    http://www.illinoislegalaid.org/index.cfm?fuseaction=home.dsp_content&contentID=2548


    Thanks,

    SimonSays
     
  2. jenz123

    jenz123 Well-Known Member

    scary absolutely terrifying........
     

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