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Regular Contributor
Posts: 111
Registered: ‎10-01-2007
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SOL question

We just got my husband's Experian report so I was going through it with him to see what was accurate. Anyway, about half the collections are from when he lived in Florida. I checked the SOL and found out that Florida tolls. He's a bit sketchy on the dates, but it appears he left the state before SOL ran. We now live in NC, which as a SOL of 3 years.

I'm a little confused on which SOL we should go by. I don't want to start disputing something and end up sued because it's still in SOL. Which one do we go by?
Valued Contributor
Posts: 2,385
Registered: ‎09-10-2007
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Re: SOL question

to be safe - always the longer of the two.  Florida tolling may be problematic...
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Posts: 7,326
Registered: ‎06-18-2007
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Re: SOL question

[ Edited ]


ncblondie wrote:
We just got my husband's Experian report so I was going through it with him to see what was accurate. Anyway, about half the collections are from when he lived in Florida. I checked the SOL and found out that Florida tolls. He's a bit sketchy on the dates, but it appears he left the state before SOL ran. We now live in NC, which as a SOL of 3 years.

I'm a little confused on which SOL we should go by. I don't want to start disputing something and end up sued because it's still in SOL. Which one do we go by?

Please do not take my answer to the bank. You really need to call the office that handles this in Fl. for a definite answer,
 

Tolling (Toll):
The term “toll”, “tolled”, and "tolling" are used in almost all statute of limitations rules and it means to "stop the running of a statutory period for a certain period of time".

Tolling is done to keep people from running out on bills & then coming back. It is used in computing prison sentencing also.    IF your DH has taken out a drivers licensed in NC and it has been awhile....I would go by the 4 years SOL for open accounts . You might even get away with the 3 years SOL but why chance it.

The OC or CA usually sues in the state where you live,* Signed contracts * they are more ept to sue where the SOL is longer & closer to them.

If the amount that is owed is up there then they will sue if they can....always keep in mind that most states have laws that a CA must register, be licensed or bonded. Check each state & see if the CA is.

The OC doesn not need to be licensed!




Message Edited by HappyDays on 12-22-2007 09:08 PM
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