No. The charge-off date will often be significantly later than the date the cause of action accrues. Also, if the debtor somehow renews the debt, it will not necessarily be the case that the credit report is updated to reflect the novation.
No. The charge-off date will often be significantly later than the date the cause of action accrues. Also, if the debtor somehow renews the debt, it will not necessarily be the case that the credit report is updated to reflect the novation.