Ohio Statute of Limitations on Debt Collection
You are not protected from the collection efforts of a creditor
via the statute of limitations just because a debt is old. For
purposes of a statute of limitations, important information to
track is the time that the debt became a "charged off" account. In
other words, you don't start counting from the day you opened the
credit account. The counting starts from the date closed or date
you stopped paying for it. In order to combat harassment and any
lawsuits from creditors, try to locate your last known payment
Written or oral account: 6 years, (O.R.C. §2305.07).
Written contract: 15 years, (O.R.C. §2305.06).
Oral contract: 6 years (O.R.C. §2305.07).
Note payable at a definite time: 6 years, (O.R.C. § 1303
Demand note: 6 years after the date on which demand is made or
10 years if no demand is made and neither principal nor interest
has been paid over that time (O.R.C. §1303.16(B)).
Dishonored check or draft: 3 years after dishonor, (O.R.C.
Feel free to contact the experienced attorneys at SmithMarco,
P.C. here or at 888-822-1777.