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

Submitted by taurean313 on Tue, 01/04/2011 - 16:43
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What does the SoL begins after the day the cause of action accrues means?

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.

Tue, 01/04/2011 - 19:20 Permalink