Just received this question from a reader:
Q. I had a collection that originated in 2004 in Maryland. The statute of limitations (SOL) was 3 years; 2007 came and went with no suit from the collection agency.
Now I live in a state where the SOL on a written contract is 6 years. If they can […]
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Tags: Consumer Debt · Credit Counselor Front Lines · I'm being sued! · Legal Stuff
In general, the statute of limitations (SOL) on a debt starts 180 days after a credit card company charges off the debt. Each state has a different statute of limitations. To see what the (SOL) is in your state, click here.
Recently, however the question of which state to use as the […]
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Tags: Consumer Debt · I'm being sued! · Legal Stuff
It’s common knowledge that credit card companies sell off bad debt to collection agencies (aka Junk Debt Buyers). It’s also known that hospitals and doctors sell off debt to collection agencies as well. But did you know that hospitals are auctioning their debts off on the internet? Two main companies, ARxChange.com […]
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Tags: Consumer Debt
February 22nd, 2008 · 2 Comments
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I handle a lot of debtor cases and bankruptcies. Please note for revisions to your site that to my regret, the Georgia Court of Appeals came […]
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Tags: Credit Cards