The statute of limitations on debt in Georgia puts a time limit on the amount of time you can be sued for a debt.
Oral Contract: 4 years
Written Contract: 6 years*
Promissory Note: 6 years
Open-Ended Accounts: 4 years
On January 24, 2008, in the case Hill vs. American Express, the Georgia Court of Appeals ruled that a credit card is considered a simple contract and the statute of limitations on an unpaid credit card balance is 6 years. The contract was made valid when the cardholder accepted and used the credit card.