My Debt Stuff » Statute Of Limitations http://www.my-debt-stuff.com Debt Help For The Rest Of Us Wed, 18 Aug 2010 03:36:19 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Is the SOL on credit card debt determined by the state you currently live in or where the debt originated? http://www.my-debt-stuff.com/is-the-sol-on-credit-card-debt-determined-by-the-state-you-currently-live-in-or-where-the-debt-originated-2/ http://www.my-debt-stuff.com/is-the-sol-on-credit-card-debt-determined-by-the-state-you-currently-live-in-or-where-the-debt-originated-2/#comments Fri, 17 Jul 2009 07:18:11 +0000 admin http://www.my-debt-stuff.com/2009/07/17/is-the-sol-on-credit-card-debt-determined-by-the-state-you-currently-live-in-or-where-the-debt-originated-2/
GeminiStars asked:


Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated?

I have a debt that I stopped paying on in Jan 2002. I acquired the debt while living in Texas and stopped paying it while living in Texas. My husband is military so we have lived in Missouri for the past 4 years.

The SOL for TX is 4 years for open accounts (credit cards) and for MO it is 5 years. Either way, the SOL has run out on this debt, however I am still wondering which would apply to us since we are military? We claim TX as our home/residence.

Thanks!
This debt was sold to a debt collector years ago.

I have known others that have written cease and desist letters so I am not so sure that SOL on card debt is a “myth”.

Kansieo.com

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GeminiStars asked:


Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated?

I have a debt that I stopped paying on in Jan 2002. I acquired the debt while living in Texas and stopped paying it while living in Texas. My husband is military so we have lived in Missouri for the past 4 years.

The SOL for TX is 4 years for open accounts (credit cards) and for MO it is 5 years. Either way, the SOL has run out on this debt, however I am still wondering which would apply to us since we are military? We claim TX as our home/residence.

Thanks!
This debt was sold to a debt collector years ago.

I have known others that have written cease and desist letters so I am not so sure that SOL on card debt is a myth.

Kansieo.com

]]> http://www.my-debt-stuff.com/is-the-sol-on-credit-card-debt-determined-by-the-state-you-currently-live-in-or-where-the-debt-originated/feed/ 4