Credit Advice
Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!
Question
Posted in Credit Report
My question is this.
When am in the clear as far as being time barred for legal action? Is it November 1st of 2016? Aug 31st? December 1st?
If anyone has an answer they are sure about, Id appreciate your response..
Thank you in advance.
Have a beautiful day .
2114 People Helped
Youn might want to research your State's consumer laws, the starting date of SOL isn't always base on the DOFD like for charge-offs/collections. It might not start until they send you notice of default and demanding payment in full, it could be 6 months later from DOFD.
JohnnyRain127's response was:
4825 People Helped
When you are given just the month and year, figure that the full month must pass before the SOL would expire, so the beginning of the following month (Dec 1 in this case) the SOL would have expired. Until the SOL expires, you would still be eligible for lawsuit to collect this debt..
jwsister's response was:
Reply to this Question
Write your response:
The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.
All Responses