New Mexico: debt time limits
How long a creditor or debt collector has to sue you over credit card debt, written and oral contracts, and promissory notes.
| Credit cards and open accounts | 4 years |
|---|---|
| Written contracts | 6 years |
| Oral contracts | 4 years |
| Promissory notes | 6 years |
| Law | NMSA 37-1-3, 37-1-4 |
The clock usually starts at your last payment. In many states a new payment or a written promise to pay can restart it. Once the deadline passes a collector cannot win a lawsuit, but the debt can still appear on your credit report for up to 7 years. Federal student loans have no deadline.
General information only, not legal, insurance or financial advice. Not affiliated with any government agency. Exceptions can apply. Confirm with the state agency, the court or a licensed professional in New Mexico.
Also for New Mexico: Small claims limits in New Mexico · Claim deadlines in New Mexico · Car insurance by state in New Mexico · Final paycheck rules in New Mexico · Shared fault rules in New Mexico · Lemon law rules in New Mexico
How we checked this
Periods come from a statute-cited 2026 law-firm chart and match two other 2026 consumer finance tables. Where courts have not settled how credit cards are classified, both periods are shown. Last checked: November 12, 2026. Laws change; confirm with the state agency or a licensed professional before acting.
Cross-checked sources agree Checked on official source confirmed on a government, court or legislature site Single detailed source one detailed table built from statutes or official data Under review sources disagree; read the note and the law.