I have a credit card debt of approx $1400 from 2002. I currently live in Minnesota, but credit card was applied for, used, and account closed while I was a resident of Nevada where the SOL is 4 years. In Minnesota the SOL is 6 years. As I am in the middle of these 2 SOL's, which one has jurisdiction, NV or MN? If I am sued in a MN court, does the NV SOL matter? Also, a new Collector has recently contacted me about this debt and is threatening to sue, they have since entered a mark on my credit report for a debt of $2800 with 0 paid. Can they enter this debt on my report legally even though the original debtor is still listed and the SOL has "run out"?
I am considering a debt consolidation company but they told me they will bring the accounts back to "current" status starting the 7 yr clock over again. I am very confused to if there is any benefit to that as the marks will be gone in less than 2 1/2 years.
All help will certainly be appreciated!
Thank You
I am considering a debt consolidation company but they told me they will bring the accounts back to "current" status starting the 7 yr clock over again. I am very confused to if there is any benefit to that as the marks will be gone in less than 2 1/2 years.
All help will certainly be appreciated!
Thank You