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Can someone explain sol?

freefromdebt
Established Member

Can someone explain sol?

can someone explain the SOL ?
 
 thank you.
 
I live in delaware and the sol is 3 years. so does that mean i don't have to worry about being sued after 3 years?
 
thanks
freefromdebt
Message 1 of 3
2 REPLIES 2
llecs
Moderator Emeritus

Re: Can someone explain sol?

You can still receive a summons beyond SOL, but if you were to answer it and go to court your defense would be that the debt is beyond SOL and you would win.
 
I would not worry about being sued. However, I would up my offers to PFD so they stop reporting before the 7 yrs are up and that will stop the calls, letters, etc.
Message 2 of 3
HappyDays
Moderator Emeritus

Re: Can someone explain sol?

Yes...but keep in mind if the DOFD is june  thy can file suit up until June 30th of the 3rd year.
Message 3 of 3
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