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When does SOL Start ? Date TL is opened ? or DOLA ?


tmac01
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SOL is a state by state thing, so you need to look at your specific states laws. In most cases, it follows FCRA which means DOLA for the OC...but there are exceptions. Also, unlike FCRA, many states allow the SOL to be "tolled" (put on hold if you leave the state) and reset if you make any payment on the account (FCRA specifically states the account must be brought current to reset the DOLA).

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K.I.S.S. Keep. it. Simple. Swede.

Brad

Apparently you haven't been around long enough to understand that a lot of peole don't know the difference, or aren't sure. One would think it's wiser to clarify the question before answering, don't you think?

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