The
debt can be old. The debt can be new also. It depends on the date when
the debt was originated. If the SOL period on the debt has expired, then
her grandparents can't be sued for it. The debt is time-barred. So if
they want, they may ignore the debt. But the debt will be there on the
credit report for 7 years. However, if the SOL period is not over, then
they can get sued.
If it
is your grandparent's debt, then he/she is liable to pay off it.
However, if the SOL of the debt has expired, then the debt collectors
can't ask your grandparents for the money.
Sub: #1 posted on Fri, 12/14/2018 - 03:50
(Posts: 428 | Credits: )
Sub: #2 posted on Fri, 12/14/2018 - 04:00
(Posts: 1239 | Credits: )