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Statue of Limitations


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When does the SOL take affect? Is it the last statement I received from the orginial creditor? Is the the last date a payment was made by me? What is considered the last activitiy? Does the SOL only pretain to the original creditor. If a collection agency purchases a credit card balance from the original creditor, are they involved with the SOL?

Any help with this would be appreciated.

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