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