@Anonymous wrote:So it is possible to be sued even if the 7.5 years date for display is satisfied?
Thanks for the clarification. Every time I had a situation with payments to a CA on a debt, I was always cautioned (threatened) that if I defaulted on the payment plan, it would be a catastrophic event for me. Fortunately, I completed all payment plans so never tested it.
Thanks, good info.
Yes you can still be sued even if it cannot be reported on. If you enter into a payment agreement and then default that resets SOL and opens you up to legal actions. Also the SOL in some states is longer than the 7.5 yr max derog CRTP.
