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    Enewbe7985's Avatar
    Enewbe7985 Posts: 1, Reputation: 1
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    #1

    Jan 27, 2008, 02:03 PM
    Charge Off debts
    In 1997 I opened an account with a bank. On my credit report, the bank has posted the account as an "charge off" and a written bad credit. 2007 the account was closed.

    A Collection agency has sent me a summons to appear(or not) for payment and fees.

    Does the Statute of Limitations start at the close of the account(2007)? Can the collection agency send me a summons from the City Court of the town where I live?

    Enewbe7985
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 27, 2008, 02:10 PM
    Generally, the SOL goes from the last activity on the account. And normally a suit would be filed in the county you reside.

    Note also that the bank charging off the debt has no impact on your obligation to pay that debt.
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