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-   -   Credit card s.o.l. Begins when ? (https://www.askmehelpdesk.com/showthread.php?t=50055)

  • Dec 22, 2006, 06:10 PM
    steve55
    Credit card s.o.l. begins when ?
    Does the credit card statute of limitations begin running from the last payment made or from the right off date.opinions seem to differ and I can't find any law or statue to clarify this.

    Help,
    steve55
  • Dec 22, 2006, 06:18 PM
    CaptainForest
    I guess technically it would be how the statue is worded, plus case law.

    For example:

    In Ontario, they have two years to sue from when they first notice you are in default.

    So if you miss a payment, they know you are in default and the 2 years period should start from there.

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