Hi again. My wife has a debt that was turned over to a CA. This debt first went delinquent in 6/97. The say that a payment of $350 was made in 8/99 (which my wife doesn't remember making). Assuming that she did make that payment does the SOL clock start from the date of last payment or the date that the debt became delinquent? Thanks for any help! Kirk
It depends, but in most states it would begin to run from the first delinquency after the last payment.
It's really last activity. For instance, if the debt goes into collection, and you pay some of the balance off, the SOL gets reset to this payment.