Neither you nor anyone else responsible for the debt has made a payment.
The limitation period is typically 6 years for most unsecured debts like credit cards, personal loans, and store cards. statute barred debt
For a debt to become statute-barred, the following must be true for the entire 5 or 6-year period: Neither you nor anyone else responsible for the
The countdown (often called the "cause of action") usually begins from the earliest date a creditor could have started court proceedings, which is often when the account officially . statute barred debt
A debt becomes statute-barred once the "limitation period"—the legal timeframe a creditor has to start court action—has expired.