Debt Consolidation Forums Debt Problems forums

From when does the SOL start on a debt?

member profile picture
Posts: 1
Credits: 19.6

I have heard about Statute of Limitations on debt. But, my question is, from when will the SOL start on debt? If my credit card payment was due on 5th July 2016, will the SOL start from 6th July, 2016?

Yes, absolutely.
SOL starts from the next day of your payment due date if you don't make at least the minimum/required payment.

Sub: #1 posted on Thu, 01/05/2017 - 18:16

Good Nelly Good Nelly
Industry Expert
(Posts: 2659 | Credits: 531.75)

I fully agree with Good Nelly. The clock usually starts ticking on the date of your last account activity. But you must keep in mind that there are many activities that can trigger the clock. To know more about this you need to learn your state's laws from local consumer protection office.

Sub: #2 posted on Mon, 01/09/2017 - 14:27

tiarajoseph11 tiarajoseph11

(Posts: 300 | Credits: 42.48)

More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Post as a member

Share post

Page loaded in 0.859 seconds.