Home
Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
International
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts
   

Re: Can someone explain this to me ??


[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by Why Chat (209.240.205.61) on November 02, 2003 at 20:43:41:

In Reply to: Can someone explain this to me ?? posted by nachomama on November 02, 2003 at 20:00:48:


Cause of action is the date when the creditor COULD have filed suit against you for breach, it was the first month you missed a payment before the chargeoff.

The rest means- you do not "reset" the SOL, unless you have signed a new contract waiving your rights.

If you have moved to Fl. from a 3 year SOL State, after it defaulted in THAT State, then you cannot be sued in Fl. after 3 years.


Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:


[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]

 

    Top Of Page

  

Copyright 1999-2003 Enkephalos Web Design