InLakewoodWA

Junk Debt Buyers and the SOL

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Does anyone know if the idea that the original SOL per the credit card/written contract (Washington State) date apples to the debt buyer?

 

I understand that the original creditor has a SOL based on the their home state (in my case, Citibank - South Dakota), but when they sell the debt how does the SOL transfer with it?

 

Has this ever been challenged in court?

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The debt buyer steps into the "shoes" or the original creditor and therefore all of the terms of the original card agreement apply.  Washington is a creditor friendly state and does not have a borrowing statute so the WA state SOL will apply to any suit brought over a credit card debt.

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