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KY:Learned of SOL after Agreed Judgement Mailed
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Posted by NeedHelpFast
(159.53.238.246) on May 20, 2003 at 13:36:23:
Thanks to your website, I've learned so much about credit laws, SOL, etc. My wages have been garnished by a couple of creditors in recent years, so I learned to quickly respond to any Civil Summons by making payment arrangements with the debt collector. I was served on March 26th, and made arrangements to pay monthly on the 15th (beginning in May) and the collector mailed me an "Agreed Judgement" that states that I have until the 20th (today!!)to mail my first payment along with the signed judgement. I checked my credit report last night and found out that this debt charged-off in 1997. From what I've read, SOL in KY is 5 years for open accounts (this was a credit card). Is it too late to get out of this or should I sign the judgement and know what to do next time?
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