What is the statute of limitations on credit card debt?

In Nevada, the statute of limitations for credit card debt is generally six years from the date of the last payment made on the debt. This means that if you do not make any payments on your credit card debt for six years, then the debt is considered “time-barred” and the creditor no longer has the legal right to collect the debt from you. Consumer debt defense law in Nevada provides additional protection from creditors. Nevada’s statute of limitations does not apply to certain consumer debts, including student loans, medical bills, and certain taxes. These debts are considered “non-dischargeable” in a bankruptcy, which means that the creditor may still be able to attempt to collect the debt even if six years has passed since the last payment on the debt was made. In addition, Nevada’s consumer debt defense law also offers protection from debt collectors. Debt collectors are prohibited from call a person repeatedly or sending harassing letters in order to collect a debt. Additionally, debt collectors must follow all state and federal laws regarding how they can contact and pursue a debt. To ensure that you are properly protected under Nevada’s consumer debt defense law, it is important to work with an experienced attorney who can review your debt and advise you on the best course of action. An attorney can help you understand the statute of limitations on your debt, the rights you have against debt collectors, and if any of your debt may still be collectible even if the statute of limitations has expired.

Related FAQs

What is a credit report freeze?
Can I be sued for a debt after it is charged off?
What is a debt settlement agreement?
What is wage garnishment?
What is a certified letter of verification?
How can I stop debt collectors from calling me?
What are the penalties for violating the Fair Debt Collection Practices Act?
How do I challenge a charge-off on my credit report?
What is a creditor’s rights attorney?
What should I do if I am being sued for a debt?

What is the statute of limitations on credit card debt?

Related FAQs

Related Blog Posts