Statute of limitations (SOL) on debt
The number of years after which a creditor can no longer sue to collect an unpaid debt.
Why it matters
SOL varies by state (typically 3–10 years) and debt type. Once expired, the debt is "time-barred" and unenforceable in court — though it may still appear on your credit report until the 7-year reporting limit runs.
See also
Educational only — not financial, tax, or legal advice.