statutes of limitations...help!
Date: Mon, 05/12/2008 - 13:26
If they have a date of last activity (go by the original credito
If they have a date of last activity (go by the original creditor because I wouldn't trust the collection agency) and it the SOL starts from there. So if the date of last activity was 4/1/99 then they would have until 4/1/05 to file legal action.
Credit reports have a different sol than state civil action sol.
Credit reports have a different sol than state civil action sol. Credit reporting sol runs seven years from date of first delinquency.
Technically, SOL is referring to how long the OC, CA, etc. has t
Technically, SOL is referring to how long the OC, CA, etc. has to sue you for the debt. For example, in Texas, it is 4 years. A Coll. Agency would have until that SOL runs out to file a judgement for that debt.
The "across the board" SOL for when the item will "fall off" your credit report is 7-7.5 years. All that means is that in 7 years from the "Date of Last Activity" or DOLA, the Creditor or Coll. Ag. has 180 days to remove the trade line from the report.
Hope that helps!
