As I understand the soa is 3 yrs for most debts but does anyone know when the 3 yrs start? Is it when the debt is first defaulted on or as I have read with some after it is in default for 120 days. After searching I cannot find any clear answer.
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As I understand the soa is 3 yrs for most debts but does anyone know when the 3 yrs start? Is it when the debt is first defaulted on or as I have read with some after it is in default for 120 days. After searching I cannot find any clear answer.
By "SOA", you referring to the statute of limitations?
In most states the limitations period starts to run at the time of the default. There's a link to a free site where you can look up Maryland statutes here - but the statute site isn't loading at the moment, so I can't confirm Maryland's rules.
yeah thats what I ment. Was uplate posting and never noticed I typed a instead of L.