Re: Can someone explain this to me ??
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Posted by Why Chat (22.214.171.124) 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.
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