Can someone tell me the Statute of Limitations for credit card debt in the state of Virginia. I've checked three different sites and found three different answers!!! Thanks!
Did you check this site? http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml I have found that it is pretty accurate. Good luck.
Here are two more SOL sites: www.cardreport.com/laws/statute-of-limitations.html OR www.creditdefenses.com/statutes/ I was told recently, by an attorney in my state (Alabama), that credit cards are "written contracts", thus would fall under the SOL that covers "written contracts" and NOT "open ended accounts". If so, I wonder what debts fall under "open ended accounts"? Maybe the laws on this are different from state to state.
Here is another legal research site: www.freeadvice.com After you enter this site, click onto "state law center'. Then, click onto "statutes". This will bring you to a map with all 50 states. Choose the state you wish to research. You may find the answer to the SOL question in Civil Procedures and Remedies.
The statute of limitations on written contracts in VA is five years. CC's are almost invariably written contracts.
