Moving from State to State SOL and responsibilities
Date: Thu, 12/06/2007 - 21:15
i have a question about the SOL. When i signed my credit card agreements anywhere between 5-7 years ago, it was in the state of IL. Now for the past 4 years I have lived in Florida. I am currently looking at getting all my collections in order and trying to find the best action for each one. My question is, is the Statute of Limitations in effect for the state i live in or the state i signed the agreement in? If it is the state i live in, all these collections on me are out of the SOL. And based of what i found in my credit reports the negative entries they all have for me are set to expire and be removed coming up next year in 2008. Would my best bet be to contact these collection agencies and advise them the Statute of Limitations has expired on these debts, and just wait for them to be removed from my credit report next year? Or does it not simply work like that? Please advise if you know.
Thank you for your time,
Cheers!
It depends on where you keep your permanent address. If it is in
It depends on where you keep your permanent address. If it is in Florida I think it takes 6 months for you to become a resident so I am not sure.
Just because the SoL has expired doesn't mean they aren't debts anymore. It just means that they can't sue you for them.
if the sol has expired don't settle or pay unless you know in wr
if the sol has expired don't settle or pay unless you know in writing -- it will get you a better interest rate on something you intend to purchase
I thought the SOL clock did not restart if you would pay? A
I thought the SOL clock did not restart if you would pay?
Am I right or would it restart again? I have a few accounts that was closed and sold and I have started to make payments again. Do they take the last date of the original account or does it restart again?
