Virginia Statute of Limitations on Debt Collection
Statute of limitations assign a certain time after which suit
may no longer be filed and a collector may no longer collect a debt
from a consumer.
In Virginia, during the time period in which an account remains
open, and no payment is made on the account, a collector has a
statute of limitations of 3 years from the date of last payment or
last charge for goods or services rendered on the account to file
suit against a consumer.
If a debt is based on a written contract (non-Uniform Commercial
Code) the statute of limitation period is 5 years.
Domestic judgments, or those obtained in a Virginia court of law
have a collection period of 10 years and may be extended for
a long as 20 years. While foreign judgments, or any judgments
of a court where the debt did not originally occur, also have a
collection period of 10 years but may not be renewed or extended.