Statute of limitations in the state of Nevada
Date: Mon, 11/07/2005 - 15:06
The statute of limitations in the state of Nevada is 6 years in
The statute of limitations in the state of Nevada is 6 years in case of written contracts and 4 years in case of oral contracts.
You can’t be legally forced to pay the said debt if they are out of the SOL period. However, if these accounts are far from the 7 years reporting time as per the FCRA laws, you should make payment arrangements to improve your credit ratings.
SOL and Credit Question
I received a loan in 2006 this was my 2nd or 3rd loan with this company I made payments and when I called to set up an allotment I was told this loan was paid in full, now as of last week Oct 2008 I was informed I owe money to this company and they refuse to answer why they told me it was paid in full. I do not have the banking data as I changed accounts so I am unsure what to do. This was a written contract, so as you stated Nevada is 6 years. Yet it was never placed on my credit report, and no one had said anything for 2 years? Then is it still valid?
