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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: credit
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Tue Dec 16, 2008 6:12 am
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| Alot of different views and opinions on the SOL. I've heard, TOO when the SOL is up, they can't 'touch' you. I don't know for sure, though. I've had CA's trying to collect debts, even AFTER a VERY long period of time.....after 7 years. Gosh.....kinda crazy. |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California
29555 Magic Points
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Tue Dec 16, 2008 6:47 am
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The court does not check whether the SOL has expired or not, it gives its verdict on the basis of the case filed by your creditor. If you are unable to present yourself to the court, you should appoint a lawyer to defend your case else a default judgment may be passes against you and the creditors can use this default judgment to recover the outstanding debt. However, even if a default judgment is passed against you, you can always file a motion to vacate the default judgment.
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 686
17396 Magic Points
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Tue Dec 16, 2008 12:13 pm
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Hi Chargers
Statute if Limitation varies from 3 years to 10 years and depends upon the state where the loan agreement was made. Now since the negative listing stays in your credit report for seven years from the date of your last payment, the statute of limitation may not expire even if the debt no longer gets listed in your credit report.
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Where there's a will, there's a way !! |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4285
127 Magic Points
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Tue Dec 16, 2008 2:34 pm
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| This is very true. soemtimes the debt depending on the state can fall off your report but if you are in the states with those longer statute of limitations then you can stil be sued even if it is not on your report. If this is the case I would keep a copy of my credit report handy for after it falls off just in case you need to refer to it for dates or anything else. |
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stacey
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Subject: South Carolina
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Thu Jan 28, 2010 4:01 pm
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| What is the Statute of limitations for SC? |
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apriljeancox
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Subject: Creditor made payment
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Thu Jun 24, 2010 4:07 pm
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| Hi guys, I'm in a tight spot. I am being sued, and now I am my own lawyer scince I cant afford one. Please help me. The collector bought the debt frome Chase, but the debt is over 7 years old. On my credit report it says it was opened on 11/2009. we haven't made a payment at all, but I am told they will on the debtors behalf to keep the account open. is this legal? |
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FLSunshine
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Subject: Do I have this right?
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Fri Jun 25, 2010 2:10 pm
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| Ok so if I owe an electric bill from over 5 years ago and the electric company sent it to a collection agecy, the SOL is up and I don't have to pay them? Can the electric company say I still owe it to them? Does that make sense lol? I might be confused.... |
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FLSunshine
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Subject: Oops, sorry lol
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Fri Jun 25, 2010 2:33 pm
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| Ok I told ya I was confused. The electric company still has that one, not a collection agency. But still what I was trying to ask is that if the sol has passed, they're not allowed to try to collect but if you try to get electricity with them, can they make you pay before they'll agree to turn on your lights? |
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