asking about SOL
Date: Sat, 11/18/2006 - 00:38
Ok so I went to check out the SOL for my state, TX which is 4 yrs. After that it says "The SoL begins after the day the cause of action accrues" Can you please tell me what the means...is that the day after it was opened, closed, went to collections, ect. for some reason i am having a hard time processing the "day the cause of action accrues" Once these four years have gone by, there is nothing that a collector can do? As for me, I just wait for the seven yr mark to have it off my record? Thank you!!
The cause of action is the factual nexus giving rise to the clai
The cause of action is the factual nexus giving rise to the claim against you. In other words, it is probably the day you default on your debt. It could be other things, though, depending on your situation.
