Legal Question in Credit and Debt Law in Virginia

No, not quite; it could extend from the date that something was either

last done or should've been done, i.e, payment made by the debtor or owed, or services/goods provided by the creditor----and extending through the applicable period that the statute of limitations was required to have run which in Virginia is either five years on a written agreement or possibly three (if the credit card account is legally construable as a so-called "open account").