andknapp Posted April 5, 2007 Report Share Posted April 5, 2007 ok, I'm starting to finally understand this whole credit repair business, but I have no idea what the date I would use for SOL is, can anyone help me out??? Thanks!!! Date Opened: 12/2000 Type: Revolving Credit Limit: NA Date of Status: 03/2004 Terms: NA High Balance: $684 Reported Since: 03/2003 Monthly Payment: $0 Recent Balance: NA Last Reported Date: 03/2004 Responsibility: Individual Recent Payment: NA Account History: 150 days as of Sep 2003 120 days as of Aug 2003 90 days as of Jul 2003 60 days as of Jun 2003 30 days as of May 2003 Link to comment Share on other sites More sharing options...
thomassl Posted April 5, 2007 Report Share Posted April 5, 2007 The statue of limitations for Indiana is 6 yrs. You need to know when your DOFD, date of first delinquency on your account...meaning when you stopped paying on it. You can then count 180 days after that and this will be your date. Date of last activity is not necessarily the DOFD. Date of last activity could mean the last date activity was made on your account be it from you or anyone else. In many states, any payments made afterwards such as payments made after it has gone to collections changes the SOL. Fortunately, Indiana is not one of those states. The only thing that resets the SOL in your state is a written promise to pay. Link to comment Share on other sites More sharing options...
nascar Posted April 5, 2007 Report Share Posted April 5, 2007 The statue of limitations for Indiana is 6 yrs.....You can then count 180 days after that and this will be your date. Be careful not to mix SOL as an affirmative defense to a lawsuit with the the 7-1/2 year reporting period. The SOL with respect to legal action does not have the extra 180 period; that's for credit reporting only. Link to comment Share on other sites More sharing options...
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