What Happens to Unpaid Credit Card Debt After 7 Years?
Technically speaking, a debt becomes unenforceable after 6 years. However, there are some conditions to this.
In order for the limitation period of your debt to be valid the following conditions need to be met:
- You have not acknowledged the debt within 6 years, in writing
- You have not made a payment towards the debt within 6 years
- The creditor has not pursued the debt through the courts for 6 years after you defaulted.