Sol

[bluethistle]

What is the name of your state? New Mexico
I'm being contacted by phone by a CA for a credit card debit that I last had anything to do with since 1993. The debit is from Colorado originally and I now live in New Mexico.. Will a letter stating that I know about the SOL be enough to stop them from harrassing me? Also one of the collectors told me that they could put a lien on the house we now own, as New Mexico is a community property state. My husband aand I weren't married at the time of the original debt. Is this possible? Also I was told they could garnish my wages.
Any advice is most appreciated

 

[cmorris]

When did you move?

The SOL for Colorado is:

STATE: COLORADO

INTEREST RATE
Legal: 8%
Judgment: 8% (or higher if specified in contract or note)

STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 3

Source: http://community-2.webtv.net/YCHANGE/STORAGE/page16.html

The SOL ran out in 1996. However, some states "freeze" the SOL when you leave that state (not sure in this case), so it is important to know when you moved.

The CA cannot place a lien on your home or garnish wages until they have obtained a judgment.

 

[bluethistle]

Moved to New Mexico Dec 2003. Bought our current home Jan 2004. Is that what could have triggered this attempt to collect this old a debt? Thanks for answering so soon.