As is the case with all court proceedings, there is a statute of limitations governing the time limit in whichyou can take legal action to collect a debt. Once a debts limitation period has expired, it becomes “statute-barred debt” and it becomes impossible to take legal action to recover...
the statute of limitations is two years. This means that for unsecured common debts like credit card debt, lenders cannot attempt to collect debts that are more than four years past due.