Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Debt and Bankruptcy > How long is the sol when a debt is transfered from collection agency to collection agency does the date of last activity that starts the sol change or is it actually from start of the deliquence from?

Other contributors have said "Can a collection agency keep renewing the date opened on an open collection account?" is the same question as "How long is the sol when a debt is transfered from collection agency to collection agency does the date of last activity that starts the sol change or is it actually from start of the deliquence from?" If you believe that these are not asking the same thing and should be answered differently, click here

How long is the sol when a debt is transfered from collection agency to collection agency does the date of last activity that starts the sol change or is it actually from start of the deliquence from?

In: Debt and Bankruptcy [Edit categories]

Answer:

Answer

The SOL is from the "date of last activity" from the ORIGINAL creditor. State laws varied, but most are within 4 to 5 years from the dla.

First answer by ID1123757356. Last edit by ID1123757356. Question popularity: 49 [recommend question].

[report abuse]

Can you answer these Debt and Bankruptcy questions?

	How do you track money order?	Answer it!
	Can you know the money is taken from demand draft by using the number?	Answer it!
	What is true name fraud?	Answer it!
	How do you check bankrupt name list at Malaysia on line?	Answer it!
	What is a foreclosure deed?	Answer it!

Relevant answers:

How do you start a Debt collection agency?
This is not a question that can be answered quickly. One of the first things that a person needs to do is to determine if owning their own business is right for them. What are the traits of an...
What are the requirements to start a collection agency in Pennsylvania?
Contact the State in Harrisburg, and ask that question.
What is the date from which the 7-year clock starts with a collection agency?
I believe it's the date it goes onto your credit report. Key is to NEVER say that you'll pay on xxx date. Never make promises to pay because it will restart the clock.
Can you be sued for a 5-year charge off sold to a collection agency where the SOL has expired?
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...
How long does it take for a debt collection agency to collect a debt?
A debt collector can attempt to collect on a debt for as long as she wants. She cannot, however, bring legal action against you once the statute of limitations has expired. At this point, she may...