Re: Alaska SOL

Posted by Why Chat (209.240.205.61) on August 12, 2004 at 18:07:33:

In Reply to: Alaska SOL posted by Confused on SOL on August 12, 2004 at 17:00:42:

If it is a credit card debt the SOL is 3 years. If it is a "store" card like Sears or Home Depot,or an installment loan on "goods" like furniture or appliances or jewelry, it is 4 years.If it is a loan from a finance company or bank, with a specific time to pay it off, the SOL is 6 years.

Yes it means once you have passed that SOL the creditor may still SUE you, but you can FIGHT and win with an affirmative defense of SOL.

Follow Ups:

Post a Followup