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Georgia Statute of Limitaions on Debt



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.

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