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postaljf

Joined: 09 Apr 2009
postaljf's page
Posts: 2
Location: Akron, Ohio

66 Magic Points

Subject: SOL

Thu Apr 09, 2009 4:37 pm

does anyone know the SOL for the state of Ohio?

nucknfutsim

Joined: 21 Mar 2009
nucknfutsim's page
Posts: 23

753 Magic Points

Fri Apr 10, 2009 4:21 am

yes for Ohio the SoL for Credit card debt is 6 years for everything else such as medical it is 15 years ( a bit excessive)

Guest

Fri Apr 10, 2009 5:44 am

Can the creditor sue me if the account is past Statute of Limitation?

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Fri Apr 10, 2009 6:21 am

Statute of limitation prescribes the time period within which the creditor can legally collect the debt. If the statute of limitation on the debt expires, the creditor can no longer sue you for the debt. The SOL varies from 3 years to 15 years depending upon the state where you have obtained the loan.
Now, since the SOL for Ohio is 15 years for written contracts, it means the even if the item gets removed from your report, the creditor can sue you for the debt after seven years.
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Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Fri Apr 10, 2009 6:25 am

Hi Postaljf
Carol is right. Can you tell us in this forum whether it is a credit card debt or any other type of debt and the date of your last payment towards the debt, so that we can help you out in this forum.
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Justin

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