statute of limitations?
Date: Fri, 12/12/2008 - 09:57
I have a question. I have been hearing about a "statute of limitations" on past due debts. I have a very past due Capital One card and my situation is not getting any better. What date is the important to use this rule on? The date the account was opened? Or the date it was last used? Also, is a typed letter to the CA all that is needed to invoke this? Please help......
Date of last payment is the norm for the start of the SOL clock.
Date of last payment is the norm for the start of the SOL clock. It may vary by state. What state do you live in?
statute of limitations
Can I ask Capital one directly? Or will they make me speak to the CA ? I am in California. Oh yeah, thanks for the reply!
SOL in CA is 4 years from Date of Last Payment. Have you pulled
SOL in CA is 4 years from Date of Last Payment. Have you pulled your credit reports recently? That info should be there. www.annualcreditreport.com