SOL and relocation
Date: Sat, 08/08/2009 - 20:53
I have an old debt reported as charged off back in 2002 or 2003. It still shows up as a charge off today and I still get collection letters for it. Is it going to fall off the credit reports after 7 years of no activity? Also, I live in Colorado now with a 6 year SOL but the charge off was reported when I lived in Ohio, which I understand has a 15 year SOL. If they decided to pursue this in court, would the Ohio or Colorado SOL apply?
As far as I know, the SOL applies to the state you live in and s
As far as I know, the SOL applies to the state you live in and so the SOL for your debt is 6 years and so it is about to expire on 2010. However, the negative listing will stay in your report for seven years from the date of your delinquency.
Your reporting SOL will always be 7 years. However by the sound
Your reporting SOL will always be 7 years. However by the sounds of things based on your Colorado SOL they can no longer sue you.
