Credit Problems

Date: Sat, 09/27/2008 - 20:05

Submitted by waldhaus78
on Sat, 09/27/2008 - 20:05

Posts: Credits: [Donate]

Total Replies: 3

I have an old credit card debt from college. I believe the statute of limitations has run out but the account keeps being sold to new collection companies. Each time this happens, does the statute of limitations begin all over again? How can I find out exactly when the statute of limitations runs out? I am in Texas so I think it is four years. But, if it keeps starting over it will go on forever.

No, the SOL does not start all over again. The SOL is calculated

No, the SOL does not start all over again. The SOL is calculated from your date of last payment on the account.
CA's can legally attempt to collect on the debt.....the debt is still valid. However because the SOL has run out, they cannot sue you.

lrhall41

Submitted by SOAPLADY on Sat, 09/27/2008 - 20:43

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Thanks SoapLady! I am stumbled across this forum and it has bee

Thanks SoapLady! I am stumbled across this forum and it has been really helpful. How can I prove that the SOL has run out? Can I dispute these accounts to have them removed from my credit report? I saw an example of a verification letter in another thread. Is that the first step? Or, should I dispute the account with CRA's? Thanks, again:)

lrhall41

Submitted by waldhaus78 on Sat, 09/27/2008 - 21:49

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I believe the statute of limitations has run out but, i know the

I believe the statute of limitations has run out but, i know they send a summons to my old address. How can I find out? I am out of the country.

lrhall41

Submitted by mramirillo on Sun, 09/28/2008 - 09:09

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