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Will it be any help if I repay debt whose SOL is over?

Submitted by Olioser on Wed, 09/25/2019 - 23:22

I had a credit card and medical debt whose SOL is over. Will it be any help if I repay the outstanding amount?

Legally you aren't bound to pay off your debts. If the collectors force you to pay off your debts, you can report the violation to the Consumer Financial Protection Bureau (CFPB).
However, debt collectors can ask for voluntary payment for your debts. So, you can pay off at least the principal amount on moral grounds.

Submitted by Craigh.terry on Thu, 09/26/2019 - 00:58


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The SOL period is over. But that doesn't mean you don't owe the debt. You still owe the debt and the collection agency can make collection attempts. Now before repaying the outstanding amount, keep the following points in mind:

If you acknowledge the debt or make partial payment, the SOL clock will restart. This means that the collection agency can file a lawsuit against you for payments. If you have the financial resources to repay the entire outstanding amount, then pay it off. If you can't, then don't acknowledge the debt. You'll be in a big problem.

Submitted by Nick Jonas on Thu, 09/26/2019 - 01:56

Nick Jonas

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SOL is over, that means you are not liable to repay the debts. If now, you acknowledge those debts, then the SOL clock will start again. So, now you decide whether or not you want to repay the debts. If you can afford the debts, then go ahead. If you can't afford, then simply do nothing, no even recognize the debt over the phone to anyone.

Submitted by Sanders Patricia on Mon, 09/30/2019 - 22:59

Sanders Patricia

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