I am sure this has been covered somewhere but I am still a bit confused. Here is my situation: Have an account with a SOL that will expire in March 2008. Original creditor "sold" debt to a CA. Have been paying off debt in installments but still have a substantial amount to go.
1. How will the SOL, with respect to the Original creditor be affected by payments after the SOL runs out?
2. Does the SOL apply to the CA based upon the original default date or on the date they acquired the debt?
Just curious about this...by the way, the CA has told me that if we arrange a settlement for less than the balance they will mark it paid in full but will not accept a PFD
