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 Posted: Tue Jan 23, 2007 8:03 am Subject: LVNV - SOL |
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How do you determine the SOL state. This showed up on my husbands CB this month. He thinks he knows what it is & getting ready to send the VD ltr. The amount is higher than the original debt. Due to a divorce he had a voluntary repo in 2001. There was no correspondence to the dificiancy amount owed. The original loan was SC however he moved to GA and now currently we live in NC. Next April will be 7 years. It should come off the CB. Except now LVNV shows 120 PAST DUE and opened in 2006. What I have read; looks like SC's SOL is 10yrs, GA 6 yrs and NC 3 yrs. But how do you determine.
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A444
Joined: 23 Jan 2007
Posts: 1
Debtcc Points: 35
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| Posted: Tue Jan 23, 2007 2:31 pm Subject: |
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SOL of that state will be considered where the account was originally opened. SOL in SC is 3 years on breach of contract and 10 years on foreign or domestic judgments. This debt is well past the SOL timeframe and close to getting off from the credit report. LVNV cannot pursue legal actions against your husband at this point. Any further payment is going to toll the SOL period.
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PassionHunting
Joined: 30 Jun 2006
Posts: 514
Debtcc Points: 3674
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| Posted: Tue Jan 23, 2007 5:55 pm Subject: |
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A444- Look up your states website, check the Secretary of State Office for your state. FYI- LVNV Funding, LLC lists with South Carolina, Nevada & one other state filings & indicate that they are a Delaware Corporation.....saw this earlier. Hope it helps you gain a lot more insight into these jokers!
Or, how do you spell *fraud*??
link here for Delaware: https://dorweb.revenue.state.de.us/scripts/bussrch/bussrch.dll
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texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
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| Posted: Wed Jan 24, 2007 10:35 am Subject: LVNV - SOL |
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Thanks for the info. This helps us know how to move forward.
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LL809
Joined: 23 Jan 2007
Posts: 5
Debtcc Points: 172
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