My question involves collection proceedings in the State of: Virginia
I found on your site the oral contract staute of limitations is 3 years. But I'm not sure when that starts. I loaned my next door neight (friend at the time) money twice when he lost his job. They were written 1 month apart on 5/14/09 and 6/16/09, and they added up to $4200. He has paid back $2000 and his last payment was in February for $100. Original payback plan was in 2 weeks when his line of credit came in. Never did. Then was going to be when taxes came in. He claimed they were lost in the mail. This is when i started to worry. He would then pay a little here and there when he fealt like it. He is now seperated and no longer lives next door and doesn't answers calls, texts, emails, etc. I do have a copy of the checks. I also kept records of his payments which were cash. Not very smart on my part, but a friend I thought I could trust at the time. He got my neighbor for $1600 a year later by selling him a trailer he didnt own. neighbor won when he didnt show up for 2 consecutive court dates and he has still not paid him any money even after losing the judgement. Would I have a case if I acted now, or does the statute of limitations start the day the loan is given. I missed it by literally 4 days.