The Statue of Limitations
I was contacted by NCO stating that they are collecting for an account that was well over 7 years old. Actually, the department store credit card account was over 10 years old.
When I informed NCO of this, they stated that since they purchased the account from the original source, the account is now active again and the statue of limitations is not applicable. Is this correct?
The department store credit card was issued in California.