If you have a significant amount of credit card debt what is the time limit they have to place a lien on your home if the debt is 8 years old and the last payment was made last year?

Answer

Time limits for the collection of debts are referred to as Statute of Limitations (SOL). States enact laws to govern SOL, in order to give a precise answer it is necessary to know the state of residency. To find out the SOL for a state a simple web search can be done. Example, (Name of state) Statute of Limitations for Debt.

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