After I began paying back one creditor for a prior debt, I have had a few more start to contact me. One creditor in particular, I am quite certain the statute of limitations has passed, but I am a little confused (thanks to different answers within the Yahoo Answers community) as to when the actual date the SOL begins to run. The last payment made on this card was 1/30/04 (although I don't remember making this payment, nor do I quite remember the card - long story), is this the date of "last activity" thus the date the SOL begins? I read one person's comment that said that SOL can re-start if you enter into a payment arrangement with them (the new collection agency). I recorded a call between myself and the last creditor that "owned the debt" and they stated that the SOL would run out 1/30/10. All of your wise wisdom is greatly appreciated on this one Yahoo Answers community. Being out of $1000 depends on it.
When does the Statute of Limitations clock begin and end on credit card debt?
- Thread starter Valerie
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