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DW received a summons for a store card from years ago now charged off. We pulled credit report and DOFD was 30 days July 2007. We live in NY.My understanding is SOL is 6 years. How is this calculated ? Is it from DOFD ? We are preparing an answer and will be citing SOL but I wanted to be clear.Thanks for any help.
@Jumpin-in wrote:DW received a summons for a store card from years ago now charged off. We pulled credit report and DOFD was 30 days July 2007. We live in NY.My understanding is SOL is 6 years. How is this calculated ? Is it from DOFD ? We are preparing an answer and will be citing SOL but I wanted to be clear.Thanks for any help.
Yes, SOL is calculated from the date of first delinquency, so you should be able to use the SOL as your defense.
Thank you so very much .