The statute of limitations on debt is a state law that sets how long a creditor or debt collector has to sue you over an unpaid balance, usually three to six years from your last payment.

The statute of limitations on debt in California is four years for most debts, including credit cards, and two years for oral agreements, measured from your last payment.

The statute of limitations on credit card debt is the legal window a creditor has to sue you over the balance, usually three to six years from your last payment depending on your state.

The statute of limitations on debt in Florida is five years for written contracts, including most credit card debt, and four years for open accounts and oral agreements, measured from your last payment.

The statute of limitations on consumer debt in New York is three years, and a payment made after that window closes can no longer revive the debt. The 2022 Consumer Credit Fairness Act reshaped the rules in the consumer’s favor.

The statute of limitations on debt in Pennsylvania is four years for nearly every type of debt, including credit cards, measured from your last payment. Pennsylvania applies one window across debt types.

The statute of limitations on debt in Texas is four years for nearly every type of debt, including credit cards, measured from your last payment or account activity. Texas applies one window across debt types.

A car down payment is the upfront cash you pay toward a vehicle’s price, lowering the amount you borrow. How much to put down depends on whether the car is new or used and what you want the loan to do for you.

The down payment on an investment property is the upfront share of the purchase price you pay in cash, with the rest covered by a mortgage.

A down payment on a house is the portion of the purchase price you pay upfront, with a mortgage covering the rest. How much you need depends on your loan type and your goals rather than a single fixed number.