If I lived in Florida 6 years ago, at that time had a Discover Card, then since moving to North Carolina went delinquint on it and had it "charged off" which state's SOL is used for collection of bad debt? The card was in good status while I lived in Florida, and went bad in North Carolina. I am in between the 3 year NC SOL and the 4 year FL SOL and wanted to figure out how agressive I can be. Thanks for the help. ChrisB
From Carreon and Associates' Web site (rely upon it at your own risk <g>): What state should I use in figuring out the Statute of Limitations? The state statute can be either where the debtor lives or where the contract was entered into. The creditor does have the right to choose the state with the longer statute but the creditors or collectors location is moot.
Thanks, so I'll assume that if they want to go after the debt, they'll use the 4 years of Florida, and sit back a little for the next 8 months. ChrisB
