3 yrs. but i have read 6 yrs on other sites, but they are older sites. http://www.carreonandassociates.com/collectionlaws.htm humblemarc
2 of the sites from the FAQ SOL section say CO is a 6 year SOL for open accounts. The 3rd site from the FAQ and the link from WhyChat's Credit Confusion site agree with humblemarc's (Carreon's) 3 year SOL on open accounts. Tell you what, I would definitely consult my state laws directly or consult an attorney before trusting any of the SOL information from any of the sites actually. It is far too important to be 100% correct on the true SOL date if/when you need to depend on it. -Peace, Dave
Colorado not only has a 3 year SOL for credit ard open accounts, but it ALSO has a 3 year SOL for written contracts for goods and services. The 6 year SOL only applies to writte contracts and promissory notes that are NOT for goods and services. COLORADO 3  Years Open Acct.: Oral Contracts; Written Contract- Goods Services +++++++++++++++++++++++++++++++ 13-80-101 - General limitation of actions - Three Years. (1) The following civil actions, regardless of the theory upon which suit is brought, or against whom suit is brought, shall be commenced within three years after the cause of action accrues, and not thereafter:  (a) All contract actions, including personal contracts and actions under the "Uniform Commercial Code", except as otherwise provided in section 13-80-103.5; +++++++++++++++++++++++++++++++++ 6 Years Written Contract: (signed promissory note) : §13-80-103.5
WhyChat, since it seems you keep your site's SOL data up to date, possibly even more up to date than the other sites, I am going to remove them all and just use your site for the SOL info in the FAQ. (unless of course you object to me putting your site in the FAQ - I shoulda asked first). Thanks for the information on Col too. -Peace, Dave
Gee- I thought it WAS already in the FAQ !! On that note, I am adding a new WARNING on SOL to my website, as soon as I cool off.Someone I have been 1-1 with for several days has been COMPLETELY wasting time paying attention to a CA's "legal citations" to "prove" a 10 year SOL,all the citations were from 1973 -1974 WAY before the 1987 FDCPA or the TILA or the FCRA. DUH !!!
The link is already in there...that is why I said "I shoulda asked first" I was asking "after the fact"...is it ok with you? If so, I think I will remove the other 2 links to the SOL information that is conflicting, and move your site SOL link there as the only pointer. -Peace, Dave
Actually, it slipped my mind. :S If you have FAQ requests it would be best to remind me in the "FAQ request" thread so that my short term memory could get a kick in the pants...I check that thread often. Peace, Dave
Sure -pleased to be of help. I review the existing State's SOL statutes regularly, and add States whenever needed, (just put in Washington) As a point of information, several State's with burdonsome SOL's and lousy exemptions for BK (which applies for judgments also) have pending legislation in case the new BK bill goes through to ease up on their limits.
WhyChat, Pretty please with sugar on top, will you look at this thread and answer the last question? I think the answer needs to go in the FAQ as well In a nutshell, who regulates accounting practices? Is it the FDIC? If a tradeline was "included in bk" what accounting practices would dictate how the balance of the information in the tradeline would be reported accurately? Please, pretty please! http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&pgnum=1&postid=246836#post246836 WITH a cherry on top! Sassy
