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The SoL begins after the day the cause of action accrues mea

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taurean313



Joined: 04 Jan 2011
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Subject: The SoL begins after the day the cause of action accrues mea
 
Posted on Tue Jan 04, 2011 4:43 pm  

What does the SoL begins after the day the cause of action accrues means?
cinnamngrl

cinnamngrl

Joined: 01 Nov 2008
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Posted on Tue Jan 04, 2011 7:20 pm  

A debt becomes delinquent 30 days after the last payment is due. this is also called date of last activity. this is the date that starts the clock on the SOL statute of limitations.

the unpaid debt is the cause of action

I am not a lawyer but that is my best guess.
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