thanks in advance for your time, ive a qstion on SOL. i was living in nevada where sol is 4 years and jus moved out to a diff state where its 5 now if i am using SOL on CAs which would matter? thanks again
It's based on the state where the debt was incurred unless the contract you signed had otherwise specific language. You don't need to tell the CA you moved, FYI.
The caveat, is if you moved BEFORE the SOL expired. If you moved out-of-state BEFORE the SOL expired, then the SOL just sits there waiting to restart.
all 6 of the accounts in coll have had a last payment sometime in fall of 08 and they all come off records starting fall 14 to spring 15 as said in EXP report. do you think i should go to CRAs and ask them to remove those entries as they all crossed SOL time an year ago? or should i ask for DV? thanks a lot
IF DOFDs were mid 2008, then the natural drop off date is mid 2015. You're way too early in disputing as obsolete. The reporting SOL is 7 years, this is different from your states SOL.
Yeah, just don't move back Jam: I understood it that it's tolled where it left off, so for ex 3 years into 4, consumer moves away, comes back, it then picks up at the 3 year mark? Is this wrong?
ok, this is getting interesting... i lived in state A and opened cards there in 2005 i moved out of the state to state B in may 2008 , then state C in june 2008 and moved back to state A in sep 2008. my dofds for my cards range btn aug 08 to nov 08. if i go with the A sol they expired in aug 2012 to nov 2012. if i go with b sol its 2013 and C - its also 2013..... now im super confused... sol originates from state opened or defaulted?
SoL is about the ability to be sued and have them come after you totally differnt from dropping off ur report.
Mindcrime: Yes, SOL is tolled where it is at so if you live in State A until the day before the SOL would expire, they would be able to sue you until the day AFTER you move back to that state. As soon as you moved out of the state in 2008, you froze the SOL until you returned to the state 6 months later. The good news is that you only tolled the SOL by 6 months, so you would add 6 months to the month of the DoFD to get when the SOL should have expired.
