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How Long Does a Credit Card Have to Come to You for Money Owed You Them?

Question: How long does a credit card have to come to you for money owed you them? Is there a limited time that a credit card company can try to collect a debt?

Answer: In Illinois, the statute of limitations on a general purpose bank credit card is 5 years, measured from the later of default or last payment.  If it is a store card, it may be 4 years.