How do I know when the debt was incurred?
Shared by Winnie:
I have a collection from a finance company. That collection is listed as sold on my credit file. When the company sells a debt, does that date of the statute of limitation restart when the buying company recieves, or is it the original date. Basically, will it be on my file for 7 years, from when the debt was incurred, or 7 years from when it was sold to the second company.
I have a collection from a finance company. That collection is listed as sold on my credit file. When the company sells a debt, does that date of the statute of limitation restart when the buying company recieves, or is it the original date. Basically, will it be on my file for 7 years, from when the debt was incurred, or 7 years from when it was sold to the second company.
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