how does the sol work because my wife has accounts back from 2000 and 2001 . i recently received ca letters after for so many years there from a school she went to in 1996.
If the debts are from 1996, then they cannot report them to any CRA's, because the limit is only 7 years. Also, they probably could not sue, because in most cases the SOL is at most 5 years. Are these debts from federally guaranteed student loans? That might change the answer a bit.
i dont know because the account has been transferred to another company. but they keep coming up as verified.
Have you asked the CA to validate the debt and provide you with the name of the original creditor? Once they do so, you can inform them that the debt predates your SOL (if it does) and advise them to do something anatomically improbable.
