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Seeking700

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Date of First Delinquency and Statute of Limitations
In my state of Wisconsin, the statute of Limitations is 6 years. After looking at my Experian report, I see that the First Date of Delinquency is NOV 2010. It does not give a day, just the month and year.

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.
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August 31, 2016 Reply

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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:    

 
Sep 01, 2016 Reply
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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.. 

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Aug 31, 2016 Reply
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