What is the statute of limitations on credit card debt?

In the state of Washington, the statute of limitations on credit card debt is based on the type of debt. Generally, the collection period for written contracts is 6 years from the date of the last payment. The collection period for oral contracts is 3 years from the date of the last payment. The Washington Consumer Debt Defense Law also states that a creditor may not collect a debt that is more than 3 years old unless a court has approved it. This rule applies to any type of debt, not just credit card debt. Once the statute of limitations has expired, a creditor cannot take any legal action to collect the debt. However, it is important to note that there are some exceptions. For example, if a consumer pays some money towards a debt that is past the statute of limitations, the clock starts ticking again and the creditor may be able to take legal action. It is important to remember that the statute of limitations does not erase the debt, or make it go away. Even if the creditor can no longer take legal action to collect the debt, they can still send collection letters and may even report the debt as unpaid on credit reports. If you are dealing with a credit card debt that is past the statute of limitations, it is important to contact a consumer debt defense attorney. They can help you understand your rights and work with you to find a solution.

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What is the statute of limitations on credit card debt?

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