In Feb. 2008, due to hard times, lost jobs etc. we stopped paying on our cards except for $10 a month which a friend advised us to do. When then stopped paying all together Jan. of 2009. Which date will be considered the delinquency date for purpose of SOL? thanks in advance. snooz
The SOL generally starts the first time you fail to make payment on your account. What you should have been doing in 2008 was at least paying the "minimum payment" on your credit cards. I doubt $10 was the minimum, so if it wasn't, the first minimum payment you missed back in 2008 should be the date you're looking for.
