reno55 wrote:
So after working with some members on here and doing some research I see that most of the types of collections (90%) on my reports fall under what I think is correct? I live in the State of Ohio which appears to be 4 years SOL legal action. Does this then mean as long as I see the DOFD past 4 years I am ok and out of range to be sued for judgement? What I am basing this on is tracing back from the date it is supposed to be removed from my reports. If that is the case I am realizing that im past legal SOL on ALOT of my collections.
No, you base SOL on DOLA. With a CC, that could be date of your last payment, date you last charged something, etc.
Remeber SOL can be reset. In some states, if you acknowledge the debt is yours you reset SOL, if you make a payment you reset SOL, if you make a payment arrangement and dont' follow through you reset SOL.
