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If the statute of limitations is up, form what I have read, this means that they can no longer collect on an account. Does this apply to legal action if it is an attorney's office sending the collection notices? I recieved a letter from Paul Law Office in Utah demanding payment in the amount of almost $5000 for a credit card I got over 10 years ago, my first year in college. The credit line was a mere $500 but at the time I got in over my head and this one fell along the wayside. It has definitely been at least 8 years since a payment was made on it or since any contact was made with me regarding this. Do they have any legal grounds to pursue this and what is the best action for me to take?

Posted: Tue Jun 17, 2008 3:41 pm Subject:

I could be mistaken, but IF the SOL has expired, they cannot take legal action against you, unless of course, you reset the SOL by sending them a payment, or promising to pay.
Someone with more knowledge than I can tell you more.

Posted: Tue Jun 17, 2008 4:30 pm Subject:

SOL only applies to the time frame in which a creditor may pursue legal action.

Posted: Tue Jun 17, 2008 4:40 pm Subject:

Posted: Sat Jun 21, 2008 6:35 am Subject:

SOL is an affirmative defense only. It still may not stop them from suing you. Happens all the time in hopes you will not respond and they are awarded a default judgement.