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NY state SOL question

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Jumpin-in
Member

NY state SOL question

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.

My credit is like a car accident- It took a lot less time to wreck than it will to fix.
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notfancy
Valued Contributor

Re: NY state SOL question


@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.

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Jumpin-in
Member

Re: NY state SOL question

Thank you so very much .

My credit is like a car accident- It took a lot less time to wreck than it will to fix.
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