Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > BANKRUPTCY AND CONSUMER CREDIT > Debt Collections
Reload this Page When does SOL actually start?

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 10-21-2005, 03:35 PM
Junior Member
  
Join Date: Oct 2005
Posts: 2
Post

When does SOL actually start?

What is the name of your state? Maryland.

I was just wondering when does the SOL normally start to tick? Is it when your account for like a Credit Card goes past due or when it goes to collections, etc?
  #2  
Old 10-21-2005, 05:11 PM
Junior Member
  
Join Date: Oct 2005
Posts: 17

SOL start

Quote:
Originally Posted by Allogagan
What is the name of your state? Maryland.

I was just wondering when does the SOL normally start to tick? Is it when your account for like a Credit Card goes past due or when it goes to collections, etc?

30 days after pass due.

H
  #3  
Old 10-22-2005, 01:55 PM
Junior Member
  
Join Date: Oct 2005
Posts: 2
Accounding to my State's website (Maryland) the SOL for credit cards is 3 years. I have a few credit cards that went into collections back in 2002 which is now approching the 3 years mark. If I understand the way SOL works when those 3 years are up (like next month) I am not responceable for those Card's bills even if they went to collections? One have been paying on monthly thru a collection agency the others I haven't been paying at all on in fact one has only recently started to try to contact me. If I do not have to worry about those bills it will help greatly in me getting back on my feet.
  #4  
Old 10-22-2005, 06:17 PM
Senior Member
  
Join Date: Jan 2005
Posts: 2,336
Q. Accounding to my State's website (Maryland) the SOL for credit cards is 3 years. I have a few credit cards that went into collections back in 2002 which is now approching the 3 years mark. If I understand the way SOL works when those 3 years are up (like next month) I am not responceable for those Card's bills even if they went to collections?

A. Wrong. Being out of statue is nothing more than an affirmative defense in the event you are sued. They can collect on the debt forever.

Q. One have been paying on monthly thru a collection agency the others I haven't been paying at all on in fact one has only recently started to try to contact me.

A. Making a payment restarts the SOL in most states.

Q. If I do not have to worry about those bills it will help greatly in me getting back on my feet.

A. Well, I am sure that is true. However, you do still have to worry. Don't ignore any summons you receive.
Last edited by Debt Guy; 10-22-2005 at 06:23 PM.
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 01:43 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.