The period is generally 5 years , and the debt is referred to as "prescribed". When Does the Clock Start?
The limitation period is typically 6 years for most unsecured debts like credit cards, personal loans, and store cards. statute barred debt
A debt becomes statute-barred once the "limitation period"—the legal timeframe a creditor has to start court action—has expired. The period is generally 5 years , and
Neither you nor anyone else responsible for the debt has made a payment. The period is generally 5 years