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SOL QUestion

Discussion in 'Credit Talk' started by dgj77, Jun 3, 2004.

  1. Jun 3, 2004 #1
    dgj77

    dgj77 Well-Known Member

    SOL for written contracts in NC is 3 years. If i set up a payment plan for 5 years with an OC in an effort to stretch time until they sue, and in 3 years tell them to f*** off, can they sue me, if SOL is up?
     
  3. Jun 3, 2004 #2
    lbrown59

    lbrown59 Well-Known Member

    Yes because every time you make a payment you are resetting the clock.
     
  4. Jun 4, 2004 #3
    Lacey

    Lacey Well-Known Member

    I have another SOL question - Do you go by the SOL on the original account if the OC sold it to a CA (Arrow), or do you have to go by the date Arrow shows the account opened with them?
     
  5. Jun 4, 2004 #4
    lbrown59

    lbrown59 Well-Known Member

    Not sure if you are talking about the SOL for reporting or collecting.
     
  6. Jun 4, 2004 #5
    Lacey

    Lacey Well-Known Member

    sorry - I was talking about collecting -
     

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