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05-24-2007, 02:25 PM
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Wow...my very first topic that I read coming here....and it's obvious there is a serious need for some informed answers. Yes, every state has a statute of limitations, but it varies from state to state. The average is 6 years. The SOL begins on the date of the last transaction with the account. Once this SOL date expires, the creditor no longer has a legal means to sue you for take action. They can still sue, but all you have to do is appear in court and offer an "affimative defense", or state that the SOL has expired. Immediate dismissal.  |
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