This is my girlfriends past debt. Back in 2000-2001 her then boyfriend bought a gateway computer from Gateway for about 3000$ in the state of Arizona. In 2002 she moved to Idaho. Last payment was made in 2003. No further action was taken on her part to resolve this debt.
There is now a collection company called Asset Acceptance LLC who retained Monarch Recovery Management, INC to collect the debt. I’ve read both states statutes about SOL’s and researched this in depth online.
My understanding is that they may attempt to collect this debt but since it is past both states SOLs it would get thrown out in court by simply stating that and providing documentation as evidence. My concern was that since this began in Arizona and she left before the SOL came into play that it put it on pause? I’ve read several “testimonies” mentioning this and I can’t find any state statutes going along with it. Is she in the clear with this or will they use the fact she moved out of state as a way to pause the SOL?
Unless you talk to a licensed attorney in your state, nothing you will read on the internet can be relied upon as definitive advice for this situation.
You can find an attorney through the Idaho State Bar website.
I’m curious, have they threatened legal action?
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.