When does SOL start?
Date: Wed, 04/09/2008 - 13:16
REVOLVING REVOLVING REVOLVING
Account Number
Ownership Individual
Date Open 02-2005
Balance Date 06-2006
Balance Amount $398
Monthly Payment $11
High/Limit $250
Account Status Bad debt; placed for collection; skip
Prior Delinquency 12-2005
Past Due Amount $398
can someone analyze this for me?
Does that mean the SOL starts on 12-2005 or the balance date of 6/2006?
I'm sorry, I don't have a answer for you, but hang in there, som
I'm sorry, I don't have a answer for you, but hang in there, someone with knowledge about this will be along to answer you as soon as possible. :)
As far my knowledge goes, the SOL clock start ticking just after
As far my knowledge goes, the SOL clock start ticking just after you default in your payment.
SOL start point
My understanding is the clock starts ticking for SOL in conjuction with the DOLA (date of last activity).
Based on the info you presented, and assuming that the balance date = DOLA (which it may or may not), then it would had started in 06-2006.
Hope it helps.
Lucky :P
SOL will start after your last activity. That being a payment or
SOL will start after your last activity. That being a payment or a charge. Make sure to check the SOL for your state.
And remember, SOL is only referring to how long a creditor/Coll. Ag. has to file suit for the debt, not how long the account will remain on your CR.
