When Does The SOL Start Over
If you are contacted by a collection agency that bought your account from another agency and you make arrangements and start paying them, does your SOL start over from the time you start paying them or does the original SOL from the original credit card still apply?
Re: When Does The SOL Start Over
It depends upon state law. In most states, making payments constitutes a novation and the statute of limitations restarts.
Re: When Does The SOL Start Over
It seems from your other thread, you are from Ca. Ca.: The statute of limitation is stopped only if the debtor makes a payment on the account after the expiration of the applicable limitations period.
Re: When Does The SOL Start Over
I do reside in CA, and did at the time of incident, What do you mean "applicable limitations period"? I appreciate your attention to this matter also!!!
Re: When Does The SOL Start Over
The SOL period for the debt.