What is the statute of limitations on credit card debt in my state?

In Virginia, the statute of limitations on credit card debt is 3 years. This means that a credit card company only has 3 years from the date of default to file a legal claim against you for unpaid debt. After this time period ends, the credit card company no longer has the right to take legal action against you. The statute of limitations starts from the date when you last made a payment on the debt or the date when the credit card company last tried to collect a payment from you. This date is often referred to as the date of last activity or the date of last payment or collection attempt. Credit card debt can be a serious problem, and some people may take advantage of the statute of limitations by not paying or ignoring bills. This can lead to a judgment against you if the credit card company sues you, and the court will grant the company a lien against your property in Virginia. It’s important to note that the statute of limitations does not eliminate your debt and that interest may continue to accrue until the debt is paid. If you are having financial difficulties, you should contact the credit card company and see if you can negotiate a lower payment. You should also seek professional advice from a consumer attorney to make sure you understand your rights and options.

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What is the statute of limitations on credit card debt in my state?

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