The statute of limitation (SOL) on a debt is the length of time that it can be collected through the courts. SOL’s are state specific and also debt type specific. Looking up the SOL on your debt is easily accomplished via the internet or if you are in our credit repair program, we will do that for you. A SOL starts when the collector reports the debt. It cannot be reset if the debt is sold to another debt collector. It starts on the date of the initial default on the original debt only. SOL also has no bearing on reporting period limits and is often shorter than the reporting period limit.

Collectors will try to get you to pay on a debt already beyond the statute of limitations. There are some options you have when dealing with this. You should let the collector know you know the debt is beyond the SOL. This puts the power in your hands and should make them more willing to negotiate payment with you.

If you do not want to have any communication with the collector, you can send them a cease communication letter. This makes them cease any and all communication efforts about this debt.

Another option is to ignore the debt and wait for it to get removed from your credit report. If you do find yourself sued by a collector on a debt that is past the SOL, you cannot just ignore it. You must go to the court date and claim a SOL defense. Then the case will be dismissed.