conflicting sol - which is correct
Date: Fri, 03/02/2007 - 11:32
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
SOL in IL is five years for open or unwritten contracts.
SOL in IL is five years for open or unwritten contracts.
Here's the different SOL's for Illinios: Oral Agreements - 5
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.
