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Remember that it is one thing to be stressed because you had low credit scores and have many bills to pay, and it is another thing to be stressed further by harassment through phone. In such situations, remember that there is actually a law that protects you. This is the Statute of Limitations, or SOL.
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Depending on which state you are, there are different ways on implementing this statute. It is important for you to contact the Attorney General of your respective state when you want to know the details about the SOL in your area. There are sates wherein the law of the foreign state is going to be applied; meanwhile, there are also states in which the laws of state of the resident apply. In any case Cheap Tavon Young Jersey , the rule that the credit collection agency will follow is the credit card agreement that is signed by the debtor.
The statute of limitations actually states that it takes only a specific period of time wherein they can sue you, for you to be forced to pay your dues. This already starts the period that you are not able to pay on time. However, there are also credit collection companies that report your delinquency to credit rating agencies, which in turn affects your credit score.
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