Ohio Statute of Limitations

Under Ohio Rev. Code Ann. § 2305.03 et. seq. the statute of limitations on credit card debt is 6 years. If there has been no active activity on this account since 2016, then Ohio people can claim that this debt falls outside the statutory limitation and it will be a very valid defense.

Ohio Key Credit card Statistics

Average debt in Ohio$9,982
Average number of late payments in Ohio4.55%
Bankruptcy rate per 1000 in Ohio5

Fair Debt Collection Practices Act

Vehicle Exemption$3,225
Bank Account Exemption Amount$425 (2x)
Wages Exemption75%

Ohio Gift cards and Gift certificate Statutes

Definition of Gift Card/Gift Certificate :
Ohio Rev. Code Ann. §1349.61
"Gift card" means a certificate, electronic card, or other medium issued by a merchant that evidences the giving of consideration in exchange for the right to redeem the certificate, electronic card, or other medium for goods, food, services, credit, or money of at least an equal value, including any electronic card issued by a merchant with a monetary value where the issuer has received payment for the full monetary value for the future purchase or delivery of goods or services and any certificate issued by a merchant where the issuer has received payment for the full monetary face value of the certificate for the future purchase or delivery of goods and services.
Expiration Date Provision :
Ohio Rev. Code Ann. §1349.61
Prohibits an expiration date less than two years after issuance. A gift card sold without an expiration date is valid until redeemed or replaced with new card.
Fee Provision :
Ohio Rev. Code Ann. §1349.61
Prohibits any fees charged less than two years after issuance.
Escheat Provsion :
Ohio Rev. Code Ann. §169.01(B)(2)(d)
Gift certificates are exempted from unclaimed property fund.