Re: NC Civil Judgement SOL
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Posted by Why Chat (209.240.198.61) on January 22, 2003 at 23:04:53:
In Reply to: NC Civil Judgement SOL posted by Diepilot on January 22, 2003 at 20:01:14:
I believe you are confusing two different SOLs. There is a SOL of 3 years from the time of first default on an account for any legal action to be filed. Once a judgment has been entered, there is then a 10 year SOL for it to be in effect. On your credit reports, there is a 7 year SOL (actually called a reporting period limitation) after which most derogatory information cannot be reported. There have been no changes on any of these limits in NC, as far as I can see.
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