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what is the statue of limitations for debit collections

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mrs.noble

Junior Member
help what is the statue of limitations for debit collections

What is the name of your state?What is the name of your state?flordia in 1987 my husband was in the millatery and got an unsecured loan in virgina and bought a camera my question is how long does the statute of limitations for this time run out
 
Last edited:


Debt Guy

Senior Member
SOL in Florida is 5 years for a written agreement and 4 years for an open account

SOL in Virginia is 5 years for a written agreement and 3 years for an open account

The SOL begins to run from the date of first default. The DOFD is usually 30 days after the last regular payment you made (after which the account was never current).

You can still be sued on debt that is SOL. However, you can easily have the suit dismissed by raising the affirmative objection that the debt is time barred.

In most states there is no limit on how long a collector can attempt to collect a debt.'

If the debt is SOL, and you don't want any more calls, send the collection agency a letter and tell them to "cease and desist" and tell them the debt is time barred. You can find samples of a cease and desist letter at www.creditinfocenter.com/forms
 

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