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eapg9964
Apr 5, 2006, 09:42 AM
What is the SOL for credit card debt in New York? How do I find out if SOL has run out on a debt? Do the collection agencies or law firms have to supply proof that SOL has not run out?

RickJ
Apr 5, 2006, 09:46 AM
http://www.cardreport.com/laws/statute-of-limitations.html

For NY, it's 6 years.

... but beware: the SOL is based on the date of last activity, which includes affirmation of the debt, payment made, charge to the account... whichever is last.

eapg9964
Apr 5, 2006, 10:31 AM
What does date of last activity mean? Affirmation of the debt... does that mean acknowledgement that is by phone or writing or by not responding to a collection letter?

RickJ
Apr 5, 2006, 12:36 PM
Certainly a letter to the creditor or a phone call discussing the debt could be acknowledgment. Primarily, though, what sticks folks is the last payment issue:
Folk want to do the right thing and make a payment... but that sets the clock back another x years.