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Can you be sued for a 5-year charge off sold to a collection agency where the SOL has expired and the collection agency says there is no SOL for collections?

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Answer:

Answer

There is no SOL for collection procedures, however state SOL's do apply to the time in which a lawsuit can be filed for debt recovery. If sued and the SOL applies it is the responsibility of the debtor/defendant to bring the issue to the attention of the court, a SOL defense is not "automatic".

First answer by Macky. Last edit by Macky. Contributor trust: 5185 [recommend contributor ]. Question popularity: 45 [recommend question].

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