Re: Odd summons from lawyer

Posted by Why Chat (208.252.179.23) on August 23, 2004 at 17:55:31:

In Reply to: Odd summons from lawyer posted by SuedOrNot on August 23, 2004 at 11:50:18:

Double check your SOL.
What are you using as the "starting date"?
It differs between States, in MOST it is the same as for credit report obsolescence, the first delinquency prior to chargeoff.

However, in SOME States, like Va. and Ca. it is from the last item on the account, while the account was OPEN, MUTUAL and CURRENT- this means if the acount had been "frozen" or your credit limit reduced to below what you owed, or you were not able to charge anything any more, even if you made a payment, then your SOL might have started BEFORE you first delinquency.

In addition, if your default was while you were living in a different State with a shorter SOL, your current State might have a "borrowing" statute that would allow you to claim the shorter SOL.

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