Share post
Share
Debt Consolidation Forums Debt Problems forums

From when does the SOL start on a debt?

Date: Wed, 01/04/2017 21:48
member profile picture
Posts: 1
Credits: 0
[Donate]

I have heard about Statute of Limitations on debt. But, my question is, from when will the SOL start on debt? If my credit card payment was due on 5th July 2016, will the SOL start from 6th July, 2016?




Yes, absolutely.
SOL starts from the next day of your payment due date if you don't make at least the minimum/required payment.

Sub: #1 posted on Thu, 01/05/2017 - 04:46

Good Nelly Good Nelly
Industry Expert
(Posts: 2756 | Credits: )

I fully agree with Good Nelly. The clock usually starts ticking on the date of your last account activity. But you must keep in mind that there are many activities that can trigger the clock. To know more about this you need to learn your state's laws from local consumer protection office.

Sub: #2 posted on Mon, 01/09/2017 - 00:57

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.677 seconds.