What is the statute of limitations for a bank card suspension?
- General time frame:
- The statute of limitations for bank card suspension is typically 3–5 years, calculated from the date when repayment is completed.
- Early repayment agreements:
- If you’ve reached an agreement with the bank to repay your card debt and successfully repaid it over six months ago, you may have the opportunity to apply for loans or new credit.
- Unpaid balances:
- If the repayment has not been completed, there is a high chance you may still be ineligible to apply for a loan or other credit products.
Recommendation: Ensure all outstanding balances are cleared, and maintain a good credit history to improve your eligibility for future loans and credit applications.