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 Posted: Fri Mar 02, 2007 12:32 pm |
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on one site it lists the sol for illinois as 6 years, on another it says 5. I can't find much of anything on the government website (not surprised) Just wondering, cuz that 12 months can make a difference
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maizycat
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jedijeff13
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| Posted: Fri Mar 02, 2007 1:26 pm |
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SOL in IL is five years for open or unwritten contracts.
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Ruby
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| Posted: Fri Mar 02, 2007 1:52 pm |
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Here's the different SOL's for Illinios:
Oral Agreements - 5 Years
WrittenContracts - 10 Years
Promissory Notes - 6 Years
Open Accounts - 5 Years
Credit cards are generally considered Open Accounts. Auto loans and other installment agreements are Written Contracts. If there has already been a lawsuit resulting in a judgment, that judgment has a separate Statute Of Limitations.
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goudah2424
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