Sol
Date: Mon, 12/08/2008 - 12:49
How long does SOL last? If you owe Capital One, then they are on your credit report, then if they sell it to CA then both are on your report. Does the CA last longer since they started later?
You're confusing SOL and Federal Credit Reporting time limits.
You're confusing SOL and Federal Credit Reporting time limits. SOL is the amount of time that a creditor has legal recouse against you in your state. Federal reporting time limit is 7.5 years from the date of first default on the account regardless of who is reporting.
