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sol

Date: Sat, 05/02/2009 - 15:48

Submitted by choubox
on Sat, 05/02/2009 - 15:48

Posts: 3 Credits: [Donate]

Total Replies: 6


HOW do you find out if an old debt comes under statute of limitation?


I'm no lawyer - yet I think you might assume that debt may no longer be pursued in a civil suit against you.

Certainly - it may still count against you in a credit reporting situation.

Note that debts are continually bought - and sold - to CA's by the parent holder of the debt - when one cannot collect they will sell it to another.


lrhall41

Submitted by on Sat, 05/02/2009 - 20:11

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SOL for Florida is:

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 4
Written Contract: 5

So.... under any circumstances the debt should be Out of Statute. That doesn't mean you don't owe it, nor does it mean they can't try to collect it, but if they sue you would use SOL as a defense and then countersue for the 1 of misrepresenting the legal character of the debt. If they even threaten to sue they violate FDCPA.


lrhall41

Submitted by Flyingifr on Sun, 05/03/2009 - 17:34

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