Confused on SOL

[debt tired]

I live in GA and the SOL on credit cards is 4 years. My question is when does this start? Is if from the time you became default or from the last payment? My situation, I stopped making payments in 08/00. My account was now past due. I started making payments again in 01/01, but never brought the account up to date. I owed 6600 and only paid about $50 a month, sporadically. My last payment was of $50 in 08/02. Again, I never brought the account up to date. Each month I was still considered past due. My account was considered charged off beginning in 04/01. So does the SOL start from 08/00 from when I orginally became default or from 08/02 when I made a $50 payment?

[Happy Trails]

I live in GA and the SOL on credit cards is 4 years. My question is when does this start? Is if from the time you became default or from the last payment? My situation, I stopped making payments in 08/00. My account was now past due. I started making payments again in 01/01, but never brought the account up to date. I owed 6600 and only paid about $50 a month, sporadically. My last payment was of $50 in 08/02. Again, I never brought the account up to date. Each month I was still considered past due. My account was considered charged off beginning in 04/01. So does the SOL start from 08/00 from when I orginally became default or from 08/02 when I made a $50 payment?

It goes by the DOLA (Date of Last Activity).

[debt tired]

Would that be 08/00 or 08/02? I've gotten conflicting information on this one. Some say the DOLA would be 08/00 when I originally went into default.

[aaron]

In most states it is the date of your last payment, but I believe Georgia maintains the date of default as the date the statute begins to run unless there is a writing acknowledging the debt submitted with any subsequent payment.

[HappyMS]

Years ago when I was enduring collection agency abuse for a bill legally not mine.... I learned from the FTC and from several attorneys that the "Date of Last Activty" for reporting purposes meant "date account was charged off for profit and loss" the reporting period of up to 7 years began on the "Date of the First Dunning notice" whether in-house or by a 3rd party (collection agency). When I won my 14 year battle, I became a debt collector, and when a consumer DISCUSSED the account in terms of "payment" options that allowed us to use that date as date of last activity. Point in case - DO NOT talk to a debt collector!

[GreatGadsby]

date of last activity doesn't change the reporting period. you will have to check georgia specific statutes to see if your payment reset the SOL.