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What states SOL applies to this loan?


Joey
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I have defaulted on a Private Student loan through Key Bank. I am, and have always been in California, however the promissory note states that Ohio law will control.

 

Which states SOL applies?

 

How do I calculate when the clock starts ticking for an installment loan?  I have heard maybe each monthly payment is considered an separate debt and has its own date. 

 

Also does anyone have any experience negotiating a settlement with KeyBank?

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Frontier Oil Corp. v. RLI Ins. Co., 63 Cal. Rptr. 3d 816 (Cal. Ct. App. 2007)

 

I have defaulted on a Private Student loan through Key Bank. I am, and have always been in California, however the promissory note states that Ohio law will control.

 

Which states SOL applies?

 

How do I calculate when the clock starts ticking for an installment loan?  I have heard maybe each monthly payment is considered an separate debt and has its own date. 

 

Also does anyone have any experience negotiating a settlement with KeyBank?

 

Frontier Oil Corp. v. RLI Ins. Co., 63 Cal. Rptr. 3d 816 (Cal. Ct. App. 2007)

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