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Open ended accounts

Discussion in 'General Lounge' started by virgie1130, Jan 2, 2003.

  1. Jan 2, 2003 #1
    virgie1130

    virgie1130 New Member

    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.
     
  3. Jan 2, 2003 #2
    Manequinne

    Manequinne Well-Known Member

    Yes, Credit cards are considered open ended accounts.
     
  4. Jan 2, 2003 #3
    OnTheBayou

    OnTheBayou Well-Known Member

    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
     
  5. Jan 2, 2003 #4
    Manequinne

    Manequinne Well-Known Member

    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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