Re: SOL/Charge Off

Posted by JKelly (151.197.123.138) on June 24, 2004 at 15:42:20:

In Reply to: SOL/Charge Off posted by SonnyGL on June 24, 2004 at 15:25:49:

If the SOL runs then they can not sue you. They can still try to collect but have no legal recourse if you choose not to pay. Negatives stay on your credit report for 7 years, rule of thumb is about 6 months before charge off. That date also starts the SOL

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