Re: SOL WHAT STATE DO I GO BY???????

Posted by Why Chat (209.240.222.130) on April 26, 2002 at 14:51:51:

In Reply to: Re: SOL WHAT STATE DO I GO BY??????? posted by nanna on April 25, 2002 at 22:50:32:

Va. has a 5 year SOL for promissory notes EXCEPT if they are on real estate, in which case they fall under the Federal 6 year SOL. Most of the "credit sites" just put the 6 years. The one I use (exerpted below is more accurate for accounts turned over to CA's)If you defaulted on the loan, your "start date" is always the first "late" month.If the new CA on your report is a Fl. CA,you may need to defend yourself if they file suit.If you have noy been contacted by the CA on your report,then you should just check the date of default and send a dispute- not a validation if it is wrong.

VIRGINIA

STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 3
Last charge or payment
Written Contract: 5
Sales of goods under article 2 is 4 years

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