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credit debt
Guest

Subject: in trouble

Fri Apr 11, 2008 8:32 pm

[]can a collection agency legally sue for a debt that is 6 years old in Tennessee, I'm being sued do I need to make an offer to settle or go to court[/u]

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1407

34540 Magic Points

Sat Apr 12, 2008 3:46 am

Hi Credit debt,

It is possible in Tennessee. The SOL in your state is six years. If your debt has past the six years time period in that case you can defend yourself in court on the basis of your SOL, however it wont be possible otherwise.

Dont let the court give you a default judgment. Respond to any summon with appropriate details.
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Regards,
Laura.

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 609

40 Magic Points

Mon Apr 14, 2008 9:16 am

When was the last payment? That will determine the SOL.
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I don't dream since I quit sleeping

Dave
Guest

Subject: re: in trouble

Tue Apr 22, 2008 1:53 pm

"When was the last payment? That will determine the SOL."

Not necessarily. In some states, the SOL (statute of limitations) begins to run when the credit grantor declares the debt in default. Sometimes they won't do this for years after an account goes into arrears to that they will have a longer period in which to collect the debt and also to list it on credit reports.

Dave
Guest

Subject: re: in trouble

Tue Apr 22, 2008 1:54 pm

"after an account goes into arrears to that they"

Should read: after an account goes into arrears so that they

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 417

10874 Magic Points

Thu Apr 24, 2008 5:27 am

Now this is new to me. Please let us know which states follow this way of determining the SOL.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 2865

2104 Magic Points

Sun Apr 27, 2008 2:10 am

Yes this is absurd and I have never ever heard of that being the case. I thought they had to report the date of last activity. I also would like to know which states have this advantage.


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