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    horseman's Avatar
    horseman Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 4, 2007, 11:42 AM
    Ontario Credit Card SOL
    I had a credit card back in 1996. I had a lot of problems then and was even homeless for close to a year. I have just been contacted for the first time about this credit card. I have been living at the same address for 9 years and never been contacted about this debt. I would like to know if there is anything they can do to collect or has the SOL run out? I have received several phone calls and a letter from the collection agency about this.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Mar 4, 2007, 02:00 PM
    The SOL is 6 years for debt from before Jan 1/04.

    Debt after Jan 1/04, the SOL is 2 years.

    Since its been more than 6 years in your case, the SOL has expired. If you send a payment, or agree to new terms, then you will re-start the SOL.
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