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Posted: Tue Jan 24, 2006 6:37 am Subject: SOL in NY?

Does anyone know where I can find the SOL for NY?

Thanks!

-K from New York

Posted: Tue Jan 24, 2006 2:11 pm Subject:

The statute in New York is quite complicated. There are various statutes depending upon the types of debt incurred. For unsecured debts, the statutes run for a period of 6 years.

Check the date of last activity on debt account. If it is within the statutes, you will have to pay it before any legal actions take place against you. However, if the debt is past the SOL period, no legal actions can be taken against you and you won't be forced to pay it. Dispute with the company mentioning the expiry of the SOL. Keep copies of your letter documented in a file. Send them through certified mail with return receipt requested. You might need facts to prove if the matter reaches to the court.