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I have been sued by Midland for a old credit card debt. My court date is 1/12/15. On the original tradeline, the last payment made was 1/14/2009. Statute of Limitation in my state is 6 years. If I can get the court date rescheduled, would I be clear on the SOL or does it go by when the case was filed? Any help with this would be appreciated.
SOL statutes are all based on the time/period for initiating legal action.
Your assertion of expiration of SOL would thus be based on whether they filed within the period, not when trial actually occurs.
Please read this Free E-book by Peter A Holland and visit the forums at www.debtorboards.com for advice on defense strategies.
Thank you