[]can a collection agency legally sue for a debt that is 6 years old in Tennessee, I'm being sued do I need to make an offer to settle or go to court[/u]
It is possible in Tennessee. The SOL in your state is six years. If your debt has past the six years time period in that case you can defend yourself in court on the basis of your SOL, however it wont be possible otherwise.
Dont let the court give you a default judgment. Respond to any summon with appropriate details.
"When was the last payment? That will determine the SOL."
Not necessarily. In some states, the SOL (statute of limitations) begins to run when the credit grantor declares the debt in default. Sometimes they won't do this for years after an account goes into arrears to that they will have a longer period in which to collect the debt and also to list it on credit reports.
Yes this is absurd and I have never ever heard of that being the case. I thought they had to report the date of last activity. I also would like to know which states have this advantage.
Hi Credit debt,
It is possible in Tennessee. The SOL in your state is six years. If your debt has past the six years time period in that case you can defend yourself in court on the basis of your SOL, however it wont be possible otherwise.
Dont let the court give you a default judgment. Respond to any summon with appropriate details.
When was the last payment? That will determine the SOL.
re: in trouble
"When was the last payment? That will determine the SOL."
Not necessarily. In some states, the SOL (statute of limitations) begins to run when the credit grantor declares the debt in default. Sometimes they won't do this for years after an account goes into arrears to that they will have a longer period in which to collect the debt and also to list it on credit reports.
re: in trouble
"after an account goes into arrears to that they"
Should read: after an account goes into arrears so that they
Now this is new to me. Please let us know which states follow this way of determining the SOL.
Yes this is absurd and I have never ever heard of that being the case. I thought they had to report the date of last activity. I also would like to know which states have this advantage.