Confused on SOL
Date: Thu, 09/14/2006 - 17:05
The collector can charge interest if your agreement with the ori
The collector can charge interest if your agreement with the original creditor allows for this. Besides, the state laws where this debt took place will decide the legal charges that can be added on the principal amount upon collections. Don't pay anything to the collector because if the SOL has already expired, you will be renewing it back from the beginning. The SOL of that state will be applicable where this debt happened. Check the date when you last did the payment. The period starts from that date till the statutes legal in your state. If the SOL is past by now, send a dispute letter mention about the expired SOL. All collection attempts must stop.
Thanks ArDen, and if I understand you correctly, because I opene
Thanks ArDen, and if I understand you correctly, because I opened the CC in OR the sOL is for the state of OR, not where I currently live in WA. My last payment was made when I lived in FL back in 2001, which is the date that I would look at the SOL clock dating?
Yes, you will need to check the statutes in OR because you opene
Yes, you will need to check the statutes in OR because you opened the account there. Now the legal stand does not matter if you shift to a new place.
You did the last payment in FL in 2001 so the SOL will be calculated from this day with the legal statutes available in OR.
Thank you ArDen, now I understand how the SOL works...have a gre
Thank you ArDen, now I understand how the SOL works...have a great evening!