Hello Everyone! I am new to this board and have found wonderful information to help me with my credit repair. I have one question that I hope someone can adddress: Does anyone know the SOL on credit card debt in the state of New Jersey? What do I use as the start date of the SOL -- the first missed payment? I appreciate the help!
Dave, Thanks for you help! I have found another site which I used for the SOL on CC debt in the state of NJ - It doesn't match what appeared on the link that you provided. Are they different SOLs on different types of debts? Thanks for your help. Here is the site that I had. WWW.creditinfocenter.com Thanks again
FYI: It has been mentioned before that the information on Sol at creditinfocenter was inaccurate for certain states. This may have been updated since then though. I am not sure but just be careful w/ that information.
Roni, Thank you! I plan to call a local attorney on Monday and get the sol on cc debt in the state of NJ. When I have the info, I'll post it for other members who reside in this state! DebbieDee
Hi, DebbieDee: Did you get your answer? Is it 6 years? That's what I've seen at 2 different sites. Creditinfocenter.com and http://www.cardreport.com/laws/statute-of-limitations.html. I'm not sure but I think you go by the last activity reported on your credit report.
By reading various state statutes, and asking an attorney what the wording meant. Which state are you concerned about? - I can point you to the statutes, however, sometimes the wording is unclear, and an attorney has to tell you how it has been interpreted by the courts. Or if you have the resources, you can research that for yourself
Maybe I misinterpreted your question. If so, usually, they take the last payment date before you stopped paying entirely. If you went say 3 or 4 months without paying and then started paying again, the date would change, Unlike the 7 yr reporting rule (however, that has been questioned also, but generally the point where it is considered continuously delinquent remains the same for the 7 yr reporting rule). Also, other events can stop or kind of "suspend" the statute of limitations for some states - like moving out of state - but it is different with different states.
Just so you know, it's been updated. Not to slam cardrate.com, but their information needs updating as well. The statute of limitations in South Carolina, for example are wrong.
