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  1. #1
    Join Date
    Sep 2007
    Posts
    4

    Default 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?

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default 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.

  3. #3
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default 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.

  4. #4
    Join Date
    Sep 2007
    Posts
    4

    Default 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!!!

  5. #5
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: When Does The SOL Start Over

    The SOL period for the debt.

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