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SOL / LVNV Funding

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skrencis
Established Member

SOL / LVNV Funding

Does anyone know what the SOL is in Illinois for a account listed as "line of credit".  

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: SOL / LVNV Funding

In IL it's ten years for written contracts, and five years for oral contracts. A line of credit would be considered a written contract.

Message 2 of 3
Anonymous
Not applicable

Re: SOL / LVNV Funding

SOL generally applies to ones *current* state of residence, not where the credit was originally issued, if that makes a difference.

Message 3 of 3
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