credit and SOL question.?

Question

I have something on my credit that has a last activity of dec 2000. I live in MI. do I qualify for SOL? How do I go about doing this if I qualify?

this is an "open" account type.

Answer 1

Whether you are out of the collecting SOL or not depends on what kind of account it was

MI - SOL
Open Acct.: 6 years
Written Contract: 6 years
Sales (UCC) Contract: 4 years

If it was a credit card (open), bank loan (written), utility account (UCC), then yes you would be out of SOL if the account was defauted on in 2000.

If it is a school loan or any type of government debt, there is no SOL.

You might do some reading on the following SOL letter link:
http://whychat.5u.com/nottoca.html

Link that shows your states statutes:
http://whychat.5u.com/States/state-mich.html

Again, without knowing more about what you are dealing with - I would suggest that after you read the SOL letter link and before you send "anything" out, that you click on my profile and go to the last link that I have listed and do some further reading. If you have any further questions, you can ask them in the Credit Forum on there.

Answer 2

SOL is the statue of limitations, meaning after that date has passed they can not make you pay it legally.bad stuff goes off your credit report everything that is over 7 yrs old. But the sol dates are different in different states.

Answer 3

Statue of limitations for open accounts in Michigan is 6 years.

http://www.acollectionagency.com/statuteoflimitations/michigan.php

Here is a letter template you can us to dispute the debt
http://www.fair-debt-collection.com/Disputing_Collections/SoL-dispute-letter.html