Credit Cards Center Credit cards from our partners
Reply
Highlighted
Established Member
Posts: 23
Registered: ‎12-04-2008
0

SOL Question

If I physicaly signed a car  loan in North Carolinan  while I was living in South Carolina yet was living in North Carolina for over a year when I dfaulted on the loan wich states SOL wouldm apply?
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008

Re: SOL Question

Moderator Emeritus
Posts: 11,562
Registered: ‎08-29-2007
0

Re: SOL Question

Guiness is correct, read both state statutes.

 

Some states toll SOL when you move and some states will bar suit if it is time barred in the original state.

 

What state do you live in now?

-----------------------------------------------------------------------------------------------------
Free Annual Reports, Freq. Requested Threads, 5 Things We Don't Talk About, Common Abbreviations, Where do I start?, State Resources
Established Member
Posts: 23
Registered: ‎12-04-2008
0

Re: SOL Question

I live in Florida now

 

Established Member
Posts: 23
Registered: ‎12-04-2008
0

Re: SOL Question

SECTION 15-3-30. Exceptions where defendant is out of State.

If when a cause of action shall accrue against any person he shall be out of the State, such action may be commenced within the terms in this chapter respectively limited after the return of such person into this State. And if, after such cause of action shall have accrued, such person shall depart from and reside out of this State or remain continuously absent therefrom for the space of one year or more, the time of his absence shall not be deemed or taken as any part of the time limited for the commencement of such action.

 

 

The above statute is from South Carolina. Does this mean they can't sue me in South Carolina unless I return to South Carolina?

Moderator Emeritus
Posts: 11,562
Registered: ‎08-29-2007
0

Re: SOL Question

IMO, it means that the SOL period doesn't begin to run until you return.

 

 

-----------------------------------------------------------------------------------------------------
Free Annual Reports, Freq. Requested Threads, 5 Things We Don't Talk About, Common Abbreviations, Where do I start?, State Resources
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.