Although it may seem like credit card debt will follow you forever, the truth is that credit card companies can only attempt to collect this debt for a limited time. If your finances are affected by high-interest credit cards and bills you are unable to pay, here's what you need to know about the statute of limitations on credit card debt.
The amount of time for which a debt is collectible is determined by state law and thus varies by state as follows: Three years: Alabama, Alaska, Delaware, Kansas, Louisiana, Maryland, Mississippi, New Hampshire, North Carolina, South Carolina, Virginia, and Washington, DC
Four years: California, Nebraska, Nevada, New Mexico, Pennsylvania, and Texas
Five years: Arkansas, Florida, Idaho, Illinois, ...