OK .... Here is my situation and I do not know what to do . These are the dates starting from opening the account ,first date of delinquency.Dod *means first date of first date of delinquency 1STNATLCC EQUIFAX EXPERIAN TRANSUNION DATE OPENED 04/2005 04/2005 04/15/2005 FIRST *DOD 05/2005 first date of major delinquency reported 05/11/2007 That was the last . xxxx BANK - CLOSED, REVOLVING EQUIFAX EXPERIAN TRANSUNION DATE OPEN No Info Reported 12/2004 12/21/2004 FIRST *DOD xxxxxx 02/2005 unknown xxxx BANK CLOSED, REVOLVING EQUIFAX EXPERIAN TRANSUNION DATE OPEN 07/2004 07/2004 07/09/2004 FIRST *DOD 11/2004 Unknown unknown Ok This being stated is tt the first dod when it will come off account plus 180 days or first date of major delinquency reported . Also when doe the SOL Start on these ... any info would be appreciated !!
Unless your state's laws contain unique language, your SOL generally starts 30 days after your last payment, or more specifically, when the first payment after your last payment is officially delinquent. Say you have a credit card and the payment is due every month on the 5th. If your last payment ever was June 5 2010, then your SOL begins ticking on July 6, 2010. Arguably, that's the first day they could sue you for payment (though doing so would be an incredibly inefficient process). If your state's SOL is five years, then in this example, the last day they could sue you would be July 6, 2015. Bear in mind that your SOL can be "paused" (tolled) or reset for a variety of reasons. If you move out of state, the SOL can be tolled while you're away. If you send in a payment, even if the SOL has expired, that can re-start the SOL. In some states, even promising to pay can be enough to re-start the SOL. Also, the CA / OC can still sue you even if the SOL has expired.
