I believe it's the date it goes onto your credit report. Key is to NEVER say that you'll pay on xxx date. Never make promises to pay because it will restart the clock.
They have up to five years in Florida. The clock starts when the last debt acknowledgement occurs.
The date of first delinquency should be the date that starts the clock for the 7 years. Meaning if you went 30 days late in April 2005, on a credit card, and then 60, 90 then 120, then the account would go to charge off status but the date of first delinquency would be April 2005. In CA, 4 years from the date of first delinquency is within the statute of limitations is in effect that a creditor or collection agency can sue you for the amount owed. This will vary from state to state, If the collection agency sells the collection to another collection company, the start date is the date of first delinquency, April 2005. If the collection agency changes the date, that is called re-aging and is illegal unless you set up new terms with collection agency
It starts with pen
What clock on collection? (The time it is reported for on your credit report has nothing to do with how long the debt is actually owed).
The clock starts when the Ball is ready for play.
$4000
pen
alarm clock
Pendulum
Starts with possession of jump-ball to start game
California Statutes of Limitation on Debt Collection:Written agreements: 4 years, calculated from the date of breach.Oral agreements: 2 years.The statute of limitation clock is stopped if the debtor makes a payment on the account after the expiration of the applicable limitations period. In some cases, the clock can also stop if you acknowledge ownership of a debt.
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